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USVIEDA Delegation to Participate in “2016 SelectUSA Investment Summit” in Washington, DC

USVIEDA representatives to promote business opportunities in the U.S. Virgin Islands to foreign, domestic investors

CHARLOTTE AMALIE, St. Thomas, U.S. Virgin Islands – June 17, 2016 – In its efforts to continue promoting the benefits of doing business in the U.S. Virgin Islands to attract new investments to the Territory, Acting Chief Executive Officer of the U.S. Virgin Islands Economic Development Authority, Wayne L. Biggs, Jr., announces that a delegation of its economic development team will participate in the “2016 SelectUSA Investment Summit” from June 19 – June 21, 2016 in Washington, DC. The USVIEDA delegation will be among several U.S. economic development organizations, international and domestic investors, senior White House officials, and state and local government representatives that will participate in this summit.

Acting CEO Biggs, Jr., will lead this delegation to the summit to promote the U.S. Virgin Islands’ tax incentive program and business opportunities to attract new investors to the USVI. The USVIEDA is also a sponsor of the “2016 SelectUSA Investment Summit”. This delegation will also include Margarita A. Benjamin, Director of Applications for the Economic Development Commission; and Andrew Clutz, USVIEDA marketing consultant, who will engage in several networking activities including speaking engagements, general and panel discussions, one-on-one business meetings and a tradeshow event.

U.S. Secretary of Commerce Penny Pritzker, Secretary of State John Kerry and many other high-level government officials will be in attendance alongside President Barack Obama who will deliver the summit’s keynote address. Sponsored by the U.S. Department of Commerce, this is the third SelectUSA Investment Summit to be held since the inaugural summit in 2013.

“This is a tremendous opportunity for the U.S. Virgin Islands to be a part of an event with the highest profile of foreign direct investment (FDI) in the United States,” said USVIEDA Acting CEO Biggs, Jr. “More than 2,000 attendees – of which 1,000 are investors who are interested in meeting with U.S. economic development agencies – are expected to attend this summit to discuss their investment projects,” added Acting CEO Biggs, Jr.

The USVIEDA delegation will take advantage of opportunities to meet and interact with international and domestic investors and high-level corporate business executives to promote the U.S. Virgin Islands as a key destination for business development and investment. In April 2016, USVIEDA representatives attended the Hannover Messe 2016 Industrial Fair in Germany in partnership with SelectUSA, President Obama and Secretary Pritzker.

According to SelectUSA, the SelectUSA Investment Summit is part of a U.S. government-wide initiative to promote direct investment in the United States and is intended to connect state, territories and local economic development organizations. Select USA is a program within the U.S. Department of Commerce’s International Trade Administration leads the federal government efforts to promote the United States as the premier global investment destination, and facilitates investment in the United States.

Select USA provides information assistance to the global investment community, serves as an ombudsman for investors, and advocates for U.S. cities, states, and regions competing for global investment.

For more information, contact the USVIEDA at 340-773-6499 or 340-714-1700. To learn more about the “2016 SelectUSA Investment Summit”, visit www.selectusasummit.us .

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