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Economic Development Authority CEO Kamal Latham responds to questions from the Finance Committee Monday. (Photo by Barry Leerdam, USVI Legislature)

EDA Sees Bright Future for Investments in the Territory in 2020

The U.S. Virgin Islands Economic Development Authority Governing Board extended the contract for its auditor and approved travel for staff on Thursday.
Economic Development Authority CEO Kamal Latham responds to questions from the Finance Committee Monday. (Photo by Barry Leerdam, USVI Legislature)

Senate Considering Bill to Tighten and Clarify EDC Tax Break Rules

The Economic Development Authority’s Chief Executive Officer Kamal Latham on Monday told the Senate Finance Committee that the EDA's board remained neutral to parts of proposed legislation affecting the agency.
Kamal Latham, CEO of the Economic Development Authority, testifies at Tuesday’s Finance Committee hearing. (V.I. Legislature Photo)

Skeptical Lawmakers Call EDA Projections ‘Fluff’

Lawmakers on Tuesday expressed incredulity at projections issued by the V.I. Economic Development Authority, with Senate Finance Committee Chairman Sen. Kurt Vialet (D-STX) calling agency leadership’s goal of attracting 25 new investor applications in a year “fluff.”
RTPark Executive Director Peter Chapman introduces new programs to the public. (Susan Ellis photo)

RT Park Introduces New Programs and Staff to Community

The new staff at the V.I. Research and Technology Park introduced two new programs, Tuesday to promote budding entrepreneurs and assist young Virgin Islanders with a technology background in finding jobs in the territory.
Enjoying the afternoon, golfers take a short ride to the next hole. (Linda Morland photo)

Carambola Golf Club Requires Tax Relief to Stay Open

Carambola Golf Club is struggling to keep its doors open after former Gov. Kenneth Mapp denied the club an extension of benefits that had been voted on and unanimously approved by the Virgin Islands Economic Development Commission.
Marriott’s Frenchman’s Cove has seen a series of renovations after hurricanes Irma and Maria to bring it back to its original grandeur.

Marriott Offers Increase in Employee Mandate for Extension of Incentives

Marriott Ownership Resorts Inc., a subsidiary company of Marriott Vacation Club International, requested an extension of benefits and modifications be made to its application during a meeting with the Virgin Islands Economic Development Commission.

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