Marine Development Initiative

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The mission of the Marine Development Inititative seeks to unify the  various marine-related businesses in order to achieve maximum efficiency of operations, and develop comprehensive programs in the marine industry for maximum economic impact in the Territory.  This is achieved  by supporting every sector of the marine community in the context of the overall goal of promoting and enhancing the economic development of the U.S. Virgin Islands.

  • Providing financial resources to local marine companies in the form of loan guarantees and medium term credit
  • Delivering technical and managerial assistance to marine entities
  • Encourging complimentary marine investment into the Territory
  • Supporting the development of new marine infrastructure initiatives