Home Tags Tax shelter
Tag: tax shelter
The University of the Virgin Islands Research and Technology Park announced Monday it has contracted 10 new companies to give tax breaks to, in exchange for some cooperation and work with UVI.
Kamal Latham, chief executive officer of the tax-break giving entity the V.I. Economic Development Authority, has resigned his post, effective July 20, according to the Authority.
The V.I. Economic Development Authority board unanimously approved a tax break application from By-the-Sea Resort Properties LLC on May 7 to open a new 68-key independent boutique resort within the 397-acre enclave of The Preserve at Botany Bay.
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.
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.”
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.
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.