Eligible Applicants:

Any person, firm or corporation with an eligible economic development project, or any governmental entity seeking to support such a project.

Eligible Uses:

Consideration will be given to projects that:

1. meet the criteria as set forth in Virgin Islands Code Title 29, Chapter 22 § 1203(a)
   
   
2. add substantial new economic activity, employment, and affordable housing in the project community and surrounding areas, and generate significant additional tax revenues
   
   
3. require the use of TIF bonds to attract such a project to the Territory
   
   
4. are economically viable and self-sustaining
   
   
5. provide direct and indirect benefits to the Territory that outweigh costs of the project
   
   
6. are consistent with the strategic development priorities of the Territory