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www.usvieda.org FY 2023 ANNUAL REPORT 1 VIRGIN ISLANDS ECONOMIC DEVELOPMENT AUTHORITY ST.CROIX DISTRICT ST. THOMAS-ST. JOHN DISTRICT 116 King St. 8000 Nisky Shopping Center Frederiksted, Suite 620, 2nd Floor St. Croix, U.S. Virgin Islands, 00840 m 340-773-6499 St. Thomas, U.S. Virgin Islands, 00802 m 340-714-1700 k info@USVIEDA.org K www.USVIEDA.org Message from the Board Chairman As a member of the Virgin Islands Economic Development Authority's ("USVIEDA" or "Authority") Board of Directors, I acknowledge the crucial role we play in shaping strategies that positively impact the residents of the U.S. Virgin Islands. In our capacity, my colleagues and I witness proposals and projections transform into actual investments, emphasizing the critical role of USVIEDA's programs. In Fiscal Year 2023, the Board's actions resulted in new businesses receiving tax incentives to invest in the Territory. This will not only generate direct, indirect, and induced tax revenue for years to come but will also lead to the creation of new jobs for our residents. …
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