The U.S. Virgin Islands Economic Development Authority (VIEDC) will hold a public hearing on the Tax Incentive Program applications of five businesses; a Governing Board Decision Meeting will continue its last meeting concerning four businesses, according to a press release from Wayne L. Biggs Jr., acting chief executive officer of VIEDC.
Public Hearing: A public hearing for the Virgin Islands Economic Development Commission (VIEDC), a subsidiary entity of the U.S. Virgin Islands Economic Development Authority (USVIEDA), will be held at 9 a.m. on Tuesday, April 10.
This hearing will be conducted via video conference feed between the USVIEDA Office at 8000 Nisky Shopping Center, 2nd floor, Suite No. 620, St. Thomas; and the William D. Roebuck Industrial Park at No. 4 Negro Bay, Building No. 2, Frederiksted, St. Croix, on applications from the following businesses concerning the V.I. Economic Development Tax Incentive Program:
- Leatherback Brewing Company LLC (new);
- Tree Limin’ Extreme LLC (new);
- Harborside Corporation d/b/a Bolongo Bay Resort (full-time employment waiver);
- RC Hotels (Virgin Islands) Inc. (full-time employment waiver, training and procurement waivers, etc.)
Any person, firm or corporation that is interested in the approval or disapproval of the application(s) may appear and be heard provided that a written statement is submitted at least one day prior to the hearing to: Chief Executive Officer of U.S. Virgin Islands Economic Development Authority, 116 King Street, Frederiksted, St. Croix 00841; or at 8000 Nisky Shopping Center, Suite No. 620, St. Thomas, USVI 00802; or via fax at 774-8106.
Governing Board Meeting: A decision meeting will immediately follow the public hearing for VIEDC; it will continue its decision meeting of March 8. Additional matters will also be addressed on the Tuesday, April 10, decision agenda on application matters concerning the following four businesses:
Tramway Properties Inc. (administrative matter);
Generation International Asset Management Company LLC (IFSE application);
St. Croix Renaissance Group LLLP (reconsideration);
Tutu Park Mall Ltd. (reconsideration).
The meeting for these businesses will be held at the same locations as the public hearing on Tuesday, April 10, 2018.
The USVIEDA Board of Directors and its subsidiary board(s) may go into executive session with respect to any decision at any time during the meetings as provided by Virgin Islands law.
For more information, contact the USVIEDA Office at 116 King Street, Frederiksted, St. Croix, VI 00840; 773-6499, Fax 773-7701 or at 8000 Nisky Shopping Center, Suite No. 620, St. Thomas; 714-1700, Fax 777-1103.
About the U.S. Virgin Islands Economic Development Authority. The U.S. Virgin Islands Economic Development Authority (USVIEDA) is a semi-autonomous governmental instrumentality [of the Government of the Virgin Islands] that was created on February 1, 2001. It is responsible for the promotion and enhancement of economic development of the United States Virgin Islands. The USVIEDA assumes, integrates and unifies the functions of four entities: the Economic Development Commission, Virgin Islands Economic Development Park Corporation, Economic Development Bank and the Enterprise Zone Commission. The USVIEDA accomplishes its mission by attracting multi-national investors to the territory to establish or relocate their business in the U.S. Virgin Islands.
It also provides financial assistance for new and existing small to medium-sized businesses in the territory and assists V.I. residents and business owners with rehabilitating their properties located in blighted and distressed areas that were once vibrant economic centers of activity. Learn more about the USVIEDA at www.usvieda.org.