Business investment opportunities captured high interest among eight prospective investors at a U.S. Virgin Islands Investor Forum on St. Thomas and St. Croix. U.S. Virgin Islands Economic Development Authority (Authority) representatives and their public and private sector partners welcomed the prospective investors June 13-15.
The Authority hosted the Investor Forum as a spinoff event following the 2019 SelectUSA Investment Summit held June 10-12 in Washington, D.C. At the Forum, prospective investors gained business intelligence insights and access to USVI properties available for development. They also experienced first-hand the attributes that make the USVI a unique, prime location to live and do business, which can lead to job creation and revenue generation in the territory.
This Investor Forum was one of many spinoff events held throughout the nation to help communities attract investment. This Forum is also one of USVIEDA’s key business marketing initiatives promoting the territory’s economic eco-system and business investment attraction program.
The prospective investors toured sites available for hotel and resort development on St. Thomas and interfaced with senior government officials during a luncheon and dinner. On St. Croix, they discovered industrial investment opportunities during a site visit, and they engaged Gov. Albert Bryan Jr., Sen. Allison DeGazon and several cabinet members during a business luncheon. They also toured King’s Alley Hotel and exchanged notes with the Authority team members during an evening reception.
Prospective investor Peter Irving, vice president of Business Development at Suntuity, found the Forum to be extremely beneficial, especially for making connections. “This Forum was a pivotal event. And our visit to the St. Croix Renaissance Park was extremely important as we met with the park’s Vice President and General Manager Jehangir Zakaria. We also met with representatives from the Queen Louise Home for Children as a potential non-profit for our charitable contributions on St. Croix,” said Irving. “We will gladly apprise of next steps as soon as possible.”
“The USVI spinoff event gave us an opportunity to directly engage prospective investors and share information about our infrastructure, investment attraction program, and properties available for development,” said Kamal I. Latham, the Authority’s chief executive officer. “I thank our Managing Director for Marketing and 2040 Vision Shanell Petersen for organizing this impactful Forum as well as our USVIEDA team members, and public and private sector partners for making this engagement a great success,” said CEO Latham.
To learn more about the U.S. Virgin Islands Economic Development Authority business investment attraction program, visit www.usvieda.org.