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EDC Public Hearing on five applications for tax benefits, VIEDA Governing Board Decision Meeting set for May 7

CHARLOTTE AMALIE, St. Thomas, U.S. Virgin Islands – May 4, 2015 – Percival E. Clouden, chief executive officer of the V.I. Economic Development Authority (VIEDA), announces the following:

Public Hearing: A public hearing by the Economic Development Commission is scheduled for Thursday, May 7, 2015 at 9:00 a.m. at the Virgin Islands Economic Development Park at No. 4 Negro Bay, Bldg. No. 2, in Frederiksted, St. Croix, USVI, and via video conference feed to the Virgin Islands Small Business Development Center (VI SBDC) at 8000 Nisky Shopping Center, Suite 720, St. Thomas, USVI, on applications for tax benefits from the following five businesses: Alpha Mortgage Advisors, Inc.; CD Paradise Holding, LLLP; CDM Investment Management, LLLP; Impact Technologies, VI, Inc.; and Leeward Capital Corporation.

Governing Board Decision Meeting: A decision meeting by Economic Development Commission on procurement matters for Margaritaville Vacation Club by Wyndham, Inc. will immediately follow the public hearing on applications and matters which may be brought to the appropriate Board for action. The Economic Development Bank will also hold a decision meeting on lending matters. The decision meeting will be held at the aforesaid locations. All interested persons are notified in accordance with law.

The Board of Directors of the VIEDA and its subsidiary Board(s) may go into executive session with respect to any decision at any time during the meeting in accordance with law. Any person, firm or corporation that is interested in the approval or disapproval of the application may appear and be heard provided that a written statement is submitted at least one (1) day prior to the hearing to the Chief Executive Officer of the V.I. Economic Development Authority at No. 116 King St., Frederiksted, St. Croix, USVI 00840; or via facsimile to (340) 773-7701.

For more information, contact the Virgin Islands Economic Development Authority on St. Croix at (340) 773-6499 or by facsimile at (340) 773-7701; or at 8000 Nisky Shopping Center, Suite 620, on St. Thomas, USVI 00802. St. Thomas Office Tel. No.: (340) 714-1700. Facsimile No.: (340) 777-1103. For the Economic Development Commission (Applications Division), contact the St. Thomas office at (340) 774-8104. For the Economic Development Commission (Compliance Division), contact the St. Croix office at (340) 773-6499.

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