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V.I. Economic Development Commission Public Hearing on Tax Benefits Application from One Business; VIEDC, EDB Governing Board Decision Meeting Set for May 18

CHARLOTTE AMALIE, St. Thomas, U.S. Virgin Islands  –  May16, 2017 – The U.S. Virgin Islands Economic Development Authority (USVIEDA) announces the following:

Public Hearing:   A public hearing for the V.I. Economic Development Commission (VIEDC), a subsidiary entity of the USVIEDA, will be held at 9 a.m. on Thursday, May 18, 2017 via videoconference feed between 8000 Nisky Shopping Center, Suite No. 620, St. Thomas, USVI; and the William D. Roebuck Industrial Park at No. 4 Negro Bay, Building No. 2, Frederiksted, St. Croix, USVI.

This public hearing will be on an application submitted to the VIEDC by VIEDC Tax Incentive Program beneficiary AUVEN Therapeutics Management, LLLP for a waiver of full-time employment.

Any person, firm or corporation 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 (1) day prior to the hearing to the chief executive officer of the USVIEDA.

Governing Board Decision Meeting:   A decision meeting for the VIEDC will immediately follow the public hearing on applications and/or petitions from the following businesses:   Air Ambulance Caribbean, Inc. d/b/a  AeroMD (reconsideration of application);  Carambola Zip Line, LLC (reconsideration of application);  DASREP, LLC (reconsideration of application);  Tramway Properties, Inc. (reconsideration of application);  Secret Harbour Beach Associates, LLLP  (extension regarding tax benefits);  Sugar Bay Club and Resort Corp. (extension regarding tax benefits);  ProTouch Communications, LLC  (corrected grant or denial of incentives);  and Margaritaville Vacation Club by Wyndham, Inc. (revised/corrected grant or denial of incentives).

A VIEDC decision meeting will also be held to resolve compliance matters concerning the following beneficiaries of the VIEDC Tax Incentive Program:  Real Impact Corporation (resolution of capital investment shortfall);  White Bay Group USVI, LLP (reconsideration of assessed fine for employment shortfall); and Healthquest, LLC (reconsideration of non-compliance assessment).

A decision meeting will also be held for the Economic Development Bank.   All decision meetings will be held at the same locations as the public hearing.

The Board of Directors may go into executive session with respect to any decision at any time during the meeting(s) in accordance with the law (Title 1 Virgin Islands Code Section 254).

For more information, contact the USVIEDA on St. Croix or the USVIEDA office on St. Thomas at 8000 Nisky Shopping Center, Suite 620, St. Thomas, USVI 00802.  St. Thomas office tel. no.: 340-714-1700. Facsimile No.: 340-777-1103.   For the VIEDC and the EDB, contact the USVIEDA office on St. Thomas at 340-714-1700 or on St. Croix at 340-773-6499.

About the U.S. Virgin Islands Economic Development Authority.   The U.S. Virgin Islands Economic Development Authority (USVIEDA) is a semi-autonomous government agency that was created on February 1, 2001.  It is responsible for the promotion and enhancement of economic development of the United States Virgin Islands, namely St. Thomas, St. Croix and St. John. The USVIEDA assumes, integrates and unifies the functions of these four entities:  V.I. 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 Virgin Islands residents and business owners with rehabilitating their properties located in distressed areas.   Learn more about the USVIEDA at www.usvieda.org.

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