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HomeNewsArchivesEconomic Development Authority Schedules Small Business Seminar

Economic Development Authority Schedules Small Business Seminar

Aug. 3, 2005 – The Economic Development Authority (EDA) invites current and prospective small business owners on St. John to the first in a series of quarterly seminars, according to Attorney Frank Schulterbrandt, chief executive officer of the EDA.
The seminar will be held on Wednesday, Aug. 10, between 9 a.m. and 11 a.m. in the Legislative Conference Room in Cruz Bay. It will be repeated that same day from 1 p.m. to 3 p.m.
This is an opportunity to learn more about the loan programs available through the lending arm of the EDA, which are the Government Development Bank and the Small Business Development Agency. There is, for instance, a program for unsecured loans up to $50,000 for five years at a fixed 5 percent rate.
"I am inviting the entire St. John community to come and learn how they can participate more fully in the economic future of their island. The small business programs available through the EDA encourage entrepreneurship, and my staff and I are fully committed to assisting interested residents in achieving their economic dreams," Schulterbrandt said.
Representatives from the U.S. Small Business Administration and UVI SBDC will also be on hand to share information about all the services that they can provide to the local small business community.
If interested in the seminar, pre-register with the EDA by calling 714-1700.

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