Applications shall be filed with the EDC utilizing the EDC application provided in the hyperlink above or a hard copy provided by EDC. - The original and 14 copies shall be filed with the Commission at the following addresses:
St. Croix Assistant Chief Executive Officer
Economic Development Commission
116 King Street
Frederiksted, VI 00840 St. Thomas/St. John Assistant Chief Executive Officer
Economic Development Commission
1050 Norre Gade No. 5
Charlotte Amalie, VI 00802 - Upon receipt of application by the predetermined deadline established for each month, each application is date/time stamped and assigned a file number and routed accordingly.
- A date is agreed upon for the applicant’s presentation of their application before the board of Directors at a pre-scheduled monthly public hearing.
- Subsequent to the public hearing, the EDC will schedule the entire application package, including transcripts from the public hearing, for consideration of a grant of benefits at the predetermined monthly board decision meeting.
- Following approval by the board, the approved package is forwarded to the Governor for his review and approval.
The following fees apply to applications filed under the respective categories under the law: | Category I | $1,500.00 | | Category II | $3,500.00 | | Category IIA | $5,000.00 | | Category III | $5,000.00 |
The application process flow and timeline are described in the following chart: | | Activation Fee | Annual Compliance Fee | | Category I | $1,000.00 | $1,500.00 | | Category II | $1,500.00 | $3,000.00 | | Category IIA | $2,500.00 | $7,500.00 | | Category III | $3,500.00 | $5,000.00 |
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