V.I. Industrial Park Development Corporation (IPDC) is an integral part of V.I. Economic Development Authority (VIEDA) and was established in Chapter 17 of Title 9 of the V.I. Code.  The Corporation was created as a body, corporate and politic constituting a public corporation and autonomous governmental instrumentality as a subsidiary, subordinate in administration and operation to VIEDA.  Its debt obligations, contracts, receipts, expenditures, funds, account projects and property are the debt of the Corporation and not those of the Government of United States Virgin Islands.  The purposes and objectives of IPDC are: 

(a)            To acquire, operate and improve industrial parks in order to provide suitable site for the location of industries in the United States. 

(b)            To complement the Industrial Development program established under chapter 12 of this title, and to establish close liaison, cooperation and coordination with the Department of Economic Development and Agriculture in connection therewith.  The provisions enacted by this chapter are hereby declared to be necessary in the public interest and the industrial park projects herein authorized are declared to be public improvements and public undertakings. The Park is managed by George St. Rose with the assistance of two technical supports.  The total square footage for St. Croix is 158,700 sq. ft. and St. Thomas is 20,000 sq. ft. 

The basic function is to provide rental space for EDC beneficiaries as restricted by the agreement between the Federal Government and IPDC.