ABOUT VISION 2040
Your Questions Answered
What is Vision 2040?
Vision 2040 is the most comprehensive economic development plan ever presented for the U.S. Virgin Islands. The 20-year plan provides recommendations for economic diversification to facilitate wealth generation and job creation in the U.S. Virgin Islands.
How are we going to accomplish Vision 2040?
The action plan and initiatives in Volume 6 of Vision 2040 describe how we will accomplish these goals. The initiatives serve as a compass for economic development, guiding decisions about priorities, policies, and resources. Each year the Virgin Islands Economic Development Authority (USVIEDA) will assess and report on Vision 2040 progress and adjustments needed to address new opportunities and challenges that may arise.
Who is leading the Vision 2040 effort?
USVIEDA is leading the Vision 2040 initiative. In the spirit of collaboration, a Task Force of government officials, local non-profits, and stakeholders was assembled to oversee the vision. Vision 2040 was developed through extensive public engagement, namely town hall meetings and surveys of the local business community, non-profits, residents, and the Virgin Islands Diaspora. A consulting team, led by Camoin Associates, Inc., assisted USVIEDA in creating the Vision 2040 plan. Implementation will be in the hands of all Virgin Islanders living in the Territory and abroad with continued support from public, private, and non-profit partners.
What is the Vision 2040 planning process?
Vision 2040 economic development planning process began in September 2020 and concluded in March 2021. The Vision 2040 plan is now released here.
Next steps are scheduled for Spring/Summer 2021 and include the following:
Global Marketing Campaign RFP
Energy Sector Analysis RFP
Equity Capital Formation RFP
How is Vision 2040 being funded?
The Vision 2040 initiative is funded by the U.S. Department of Commerce U.S. Economic Development Administration as part of the federal recovery grants with a local match provided by the Virgin Islands Housing Finance Authority Community Development Block Grant – Disaster Recovery (CDBG-DR).
Who can I contact for additional information?
What is a Community-Based Process?
The Vision 2040 process was designed to be inclusive and transparent. There are numerous ways that input was collected from community members and stakeholders to ensure Vision 2040 reflects the needs, ideas, and priorities of the U.S. Virgin Islands community.