V.I. Economic Development Commission Public Hearing for Two Businesses; Governing Board Decision Meetings for VIEDC, Economic Development Bank, Enterprise Zone Commission Set for January 25

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CHARLOTTE AMALIE, St. Thomas, U.S. Virgin Islands  – January 22, 2018 – Wayne L. Biggs, Jr., acting chief executive officer of the U.S. Virgin Islands Economic Development Authority (USVIEDA), announces the following:

Public Hearing:  a public hearing for the Virgin Islands Economic Development Commission (“VIEDC”), a subsidiary entity of the U.S. Virgin Islands Economic Development Authority (USVIEDA), will be held at 9 a.m. on Thursday, January 25, 2018.   This hearing will be conducted at 8000 Nisky Shopping Center, 2nd Fl., Suite No. 620, St. Thomas, USVI; and via video conference feed to the William D. Roebuck Industrial Park at No. 4 Negro Bay, Building No. 2, Frederiksted, St. Croix, USVI, on applications from the following businesses:

  1. Tecoma Asset Management, LLC (Employment Waiver)
  2. Professional Holding Company VI, LLC (Employment/Charitable Contribution Waiver).  

All interested persons are notified in accordance with Virgin Islands law (Section 717 Chapter 12 of Title 29, Virgin Islands Code, as amended).

Any person, firm or corporation interested in the approval or disapproval of the application may appear and be heard provided that a written statement is submitted at least one (1) day prior to the hearing to the Chief Executive Officer of the U.S. Virgin Islands Economic Development Authority at No. 116 King St., Frederiksted, St. Croix, USVI 00840; or via facsimile to 340-773-7701; or at 8000 Nisky Shopping Center, Suite No. 620, St. Thomas, USVI 00802; or via facsimile at 340-774-8106.

Governing Board Decision Meetings: Economic Development Commission:  All interested persons are hereby notified that in accordance with V.I. CODE ANN. tit. 1, § 254, as amended, a decision meeting will immediately follow the public hearing for the Virgin Islands Economic Development Commission on compliance matters for

  1. Impact Technologies VI, Inc. (Charitable Contribution Extension);
  2. Professional Holding Company VI, LLC (Employment/Charitable Contribution Waiver);
  3. St. Thomas Health Care Management, Inc. (Resolution of Non-Compliance); and
  4. Tecoma Asset Management, LLC (Employment Waiver).

The VIEDC Applications Division will present legal and other administrative matters for discussion with the Board.

Other Matters:  Representatives from the Economic Development Bank will also be reporting to the Board on actions taken on accounts.  The annual meeting for the Enterprise Zone Commission will also be held as required by law.

These meetings will be held at the same locations as the public hearing after 9 a.m. on January 25, 2018.

Please be advised that the USVIEDA Board of Directors and its subsidiary Board(s) may go into executive session with respect to any decision at any time during the meetings as provided in 1 V.I.C. § 254.

For more information, contact the USVIEDA at the following: No. 116 King St., Frederiksted, St. Croix, VI 00840;  Tel. No.:  340-773-6499, Facsimile No.: 340-773-7701; or 8000 Nisky Shopping Center, Suite No. 620, St. Thomas, VI 00802; Tel. No.:  340-714-1700, Facsimile No.: 340-777-1103.  

 

About the U.S. Virgin Islands Economic Development Authority.   The U.S. Virgin Islands Economic Development Authority (USVIEDA) is a semi-autonomous government agency that was created on February 1, 2001.  It is responsible for the promotion and enhancement of economic development of the United States Virgin Islands, namely St. Thomas, St. Croix and St. John. The USVIEDA assumes, integrates and unifies the functions of these four entities:  V.I. Economic Development Commission, Virgin Islands Economic Development Park Corporation, Economic Development Bank and the Enterprise Zone Commission.  The USVIEDA accomplishes its mission by attracting multi-national investors to the Territory to establish or relocate their business in the U.S. Virgin Islands.  It also provides financial assistance for new and existing small to medium-sized businesses in the Territory and assists Virgin Islands residents and business owners with rehabilitating their properties located in distressed areas.   Learn more about the USVIEDA at www.usvieda.org.

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