FREDERIKSTED, St. Croix U.S. Virgin Islands – October 3, 2022 — Wayne L. Biggs, Jr., chief executive officer of the U.S. Virgin Islands Economic Development Authority (VIEDA), announces that a Public Hearing will be held for the Virgin Islands Economic Development Commission, a subsidiary of the Virgin Islands Economic Development Authority, on application and compliance matters at 9:00am on Tuesday, October 11, 2022.
At the public hearing, the Board of Directors will hear presentations and consider new applications from the following representatives:
- Conlon and Company USVI, LLP (Conlon) is a U.S. Virgin Islands (“USVI”) limited liability partnership that was organized on May 4, 2022, while operations of Conlon and Co has been in business for 20 years with offices in Chicago, Dallas, London, LA, and Palm Beach. Conlon will be requesting VIEDC tax incentive benefits as a Category IV designated service business. Conlon has established three (3) wholly-owned, disregarded subsidiaries, Conlon USVI Advisors, LLP; Conlon USVI Investment Management, LLP; and SJC Holdings, LLC, through which it will carry out its business activities. Conlon commits to employ a minimum of seven (7) full-time employees and a minimum capital investment of $100,000. The industries of focus include Management Consulting Services and Portfolio Management for clients outside of the U.S. Virgin Islands.
- Maritain, LLC is a Virgin Islands limited liability company that was organized on March 25, 2022. Maritain will be requesting VIEDC tax incentive benefits as a Category IV Designated Financial Services Business. Maritain has established BaseLayer Marketing, Inc. through which it will provide services in management consulting services, business management & consulting services, and investment management & advisory services seeking 100% of the tax to clients located outside of the U.S. Virgin Islands. They are committing to employ a minimum of five (5) full-time employee and invest a minimum capital investment of $100,000.
All interested persons are also notified that a decision meeting will be held for the Virgin Islands Economic Development Authority. Silent Drift, LLC has petitioned for extension of time to complete their Sustainable Tourism Arts-based Revenue Stream (STARS) Project.
STARS is designed to advertise and promote the U.S. Virgin Islands (USVI) as an ideal location for major and minor film productions and music/audio recording projects that includes up to 17% Transferable Tax Credit and up to 29% Cash Rebate.
In addition, a decision meeting will be held for the Virgin Islands Economic Development Commission for the following companies requesting VIEDC Tax incentive benefits, following the public hearing:
- Capture VI, LLC
- Octavia Consulting Group
- WVJD, LLC
A decision meeting will also be held for the Virgin Islands Economic Development Bank for The Apotheek, LLC applying for a new loan based in St. Croix, USVI.
Please be advised that the VIEDA Board of Directors may go into executive session with respect to any decision at any time during the meetings as provided in 1 V.I.C. § 254.
This meeting will be conducted via Zoom, a software-based platform for video and audio communications.
*Registration is required to participate in the Board meeting.
Interested individuals are invited to register and join the meeting, via Zoom, through the following link:
Zoom Registration Link:
https://us02web.zoom.us/meeting/register/tZUtcO6rpjsvHdUHiveZC6TJrkqnLAFeZNv4
After registering, individuals will receive a confirmation email containing information about joining the meeting. Meeting registrants are reminded that the link they receive after registration should not be shared with anyone as all persons are required to register on their own behalf.
As Board meeting agendas become available, they can be found on the VIEDA website at www.usvieda.org/about-usvieda/board-directors/board-meeting-agenda.
Following the meeting, summaries of the Board's decision(s) will also be available to the public on the VIEDA website at https://usvieda.org/about-usvieda/board-directors/board-meeting-summaries.
For more information, please email info@usvieda.org.
“The Bryan-Roach Administration is investing in the Territory’s people, infrastructure and future through transparency, stabilizing the economy, restoring trust in the government and ensuring that recovery projects are completed as quickly as possible. Visit http://transparency.vi.gov .”