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The Enterprise Zone program provides incentives for businesses to invest in "severely distressed" Enterprise Zone areas and provides jobs for the residents of such areas by offering tax benefits and regulatory relief. To date, the areas identified are on St. Croix and St. Thomas.
The Enterprise Zone mission is to revitalize the economies and physical appearance of Frederiksted, Christiansted and Savan through implementation of enterprise zone programs in each of these communities.
The Enterprise Zone goals are to institute a self-sustaining organizational and managerial structure for each zone which requires minimal U.S.V.I. Government funding or personnel, works in concert with other local and territorial economic development initiatives, and represent the interests of a board spectrum of the community stakeholders.
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To improve and promote the livability of the towns, while simultaneously preserving their historical character. To maintain and improve the physical appearance of each in a consistent with their historical character giving particular emphasis to development of vacant lots and refurbishment of abandoned buildings.
Enterprise Zone Law
Enterprise Zone Application
Enterprise Zone Locations
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