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Explore economic development with the South Shore Trade Zone, Enterprise Zone Commission, Economic Development Bank, and Virgin Islands Economic Park Development Corporation. Get involved and shape our community's future.
Driving Economic Development: The EDC's Mission
The Economic Development Commission (EDC) is charged with promoting the growth, development and diversification of the economy of the United States Virgin Islands by developing the human and economic resources of the Territory, preserving job opportunities for residents of the U.S. Virgin Islands, and promoting capital formation to support economic development in the Territory.
The Economic Development Park Corporation operates two industrial parks, the Williams D. Roebuck Industrial Park on St. Croix and the Virgin Islands Industrial Park on St. Thomas.
"Growing our economy one loan at a time"
Small businesses play a vital role in the U.S. Virgin Islands economy as they account for a greater percentage of the local economy. The VIEDA works to promote ownership and expansion of small businesses among Virgin Islands residents through the Economic Development Bank (EDB). Through this program, taxi drivers, fishermen, farmers, retail store owners and various service providers have realized their entrepreneurial dreams.
Revitalizing our towns one building at a time
The Enterprise Zone Commission (EZC) was created to revitalize blighted and distressed communities that once were socially and economically vibrant. The authorizing act provides for tax incentives and economic development benefits free from regulatory barriers which inhibit economic growth, and also encourages collaboration among public, private and non-profit entities in order to accomplish the desired objectives.
The newest tool added to the U.S. Virgin Islands’ economic development arsenal is the trade zone program, which offers tax incentives to qualifying businesses within the designated area of St. Croix’s south shore.
This zone boasts over 300 acres of relatively flat greenfield space with electrical, water, sewer, fiber optics, and telephone utilities already on-site, deep-water ports, and warehouse space directly on the Henry E. Rohlsen Airport. Indeed, the trade zone will usher in an era of increased business activity in St. Croix, including transshipment, manufacturing, and other heavy industries.
The Virgin Islands Economic Development Authority offers tax programs, incentives, and financing options to businesses in the US Virgin Islands, facilitating growth in America's paradise.
St. Croix
St. Thomas/St. John
© 2001 - 2024 United States Virgin Islands Economic Development Authority
