VIEDC Board to hear presentation from new tax incentive program applicant, matters for Economic Development Bank and Enterprise Zone Commission

CHARLOTTE AMALIE, St. Thomas, U.S. Virgin Islands – May 22, 2025 – Wayne L. Biggs, Jr., chief executive officer of the Virgin Islands Economic Development Authority (VIEDA), announces that a Board Meeting will be held beginning at 9AM on Tuesday, May 27, 2025.

The meeting will begin with a Public Hearing for the Virgin Islands Economic Development Commission (VIEDC), a subsidiary of VIEDA.

During the Public Hearing, the Board of Directors will hear testimony from the following new applicant seeking VIEDC tax incentives on the island of St. Croix:

DV USVI Investment LLLP – Operating as a Category III Hotel/Guesthouse

Following the Public Hearing, Governing Board Decision Meetings will be held for the Enterprise Zone Commission (EZC) and the Economic Development Bank (EDB).

The meeting will be held virtually via Zoom (Zoom.com), a software-based platform for video and audio communications. Registration is required for all participants and can be completed at the following link:

https://us02web.zoom.us/meeting/register/tZIpf-qgrz0vEtd4n7iqxvRglyXtDpLrwgnc

Upon registration, participants will receive a confirmation email with details to access the meeting. Meeting registrants are advised not to share their confirmation links, as each attendee must register individually.

The Board of Directors reserves the right to enter executive session at any time during the meetings pursuant to 1 V.I.C. § 254.

Meeting agendas will be posted as they become available on the VIEDA website: https://usvieda.org/board-meetings/.

Summaries of Board decisions will also be made publicly available on the VIEDA website following the meeting https://usvieda.org/board-meetings/ .

If there are any questions, send an email to info@usvieda.org .

# # #