EDC Program Comparison

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Requirements   Small Business Regular Program
       
Investment · $1,000,000 and under · At least $20,000  Minimum $100,000
· $1,000,001 - $1,500,000 · At least $30,000 
· $1,500,001 - $2,500,000 · At least $40,000 
· $2,500,001 - $3,000,000 · At least $50,000 
· $3,000,001 - $4,000,000 · At least $60,000 
 
Employment · $1,000,000 and under · At least 2 Full-time Minimum 10 Full-time
or
Minimum 5 Full-time for
DSB Financial Service Businesses
· $1,000,001 - $1,500,000 · At least 3 Full-time
· $1,500,001 - $2,500,000 · At least 4 Full-time
· $2,500,001 - $3,000,000 · At least 5 Full-time
· $3,000,001 - $4,000,000 · Not more than 50  FT
       
  Act 7279  Hire one VI Resident for every $1mil of net income prior to salaries Not Applicable
 
Fees VIC §708a Not Applicable Applicaton, Activation
& Annual Compliance
 
Employee Benefit Plan  VIC §708q Not Applicable Health & Retirement Benefits
 
Territorial Scholarship Fund  VIC §708m Not Applicable  at least $3,000 Annually
 
Home Ownership Act 7279 Purchase or Build a home within 18 months of benefits Not Applicable