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2 0 2 2 GVI S P RING REVENUE ES TIMATING CONFERENCE S t. Tho m a s , US VI Presented By: Pe te r H. Cha p ma n Executive Director and CEO UVI Research & Technology Park Corporation Marc h 2 5 , 2 0 2 2 Who We Are An innovative economic development organization established in 2002 via Title 17 of the USVI Code, which became fully operational in 2006, to help diversify and expand the economy of the USVI through efforts to promote the attraction, retention and growth of technology, knowledge-based and sustainable agriculture firms within the Territory. An independent affiliate of University of the Virgin Islands that works to broaden the capabilities of the university by providing it with financial support and training opportunities for UVI students, and also strives to work collaboratively with the university to strengthen its research capacity. A 100% self-funded, fully autonomous public entity that does not request or receive any General Fund operating support from the Virgin Islands government. A program that helps strengthen and diversify the overall USVI economy. International Economic Development Council’s (IEDC) 2020 EDO of the Year Our Clients Secured Via Proactive Business Attraction Industry Sectors 75 Companies Tax Exemption Program 45 over last 3.5 years 60% of total companies recruited since 2018 data analytics web content development interactive media management e-commerce software development and licensing technology-based management services internet advertising Talent Retention + Attraction Innovative approaches to talent development for USVI residents (example: VISTA+, youth coding program) Additional Key Goals Our organization also helps facilitate: Entrepreneurship The development or acceleration of new, start-up, knowledge-based enterprises through hands-on technical assistance, mentorship and access to financing (example: Accelerate VI); Real Estate (Re)Development The acquisition, construction, improvement and (re)development of facilities deemed necessary to support the growth of the tech sector and overall entrepreneurial ecosystem (example: Tech Village). All applicants to the RTPark program are required to pay a $2,500 application fee when their Term Sheet is submitted to the Board of Directors for consideration. Application Fee Revenue A one-time payment is made upon approval of the Park Tenant Agreement. This fee is based on projected client revenue. Initial Certification Fee Revenue The annual management fee is a percentage of the company’s gross revenue, to be determined in discussions with the RTPark Executive Director. There is a minimum annual management fee per year, based on the size of the company. Annual Management Fees Clients commit to a minimum of one scholarship annually, valued at $15,000. As gross revenues increase, the number of scholarships funded increases accordingly. Scholarship Revenue Generated for UVI Each client commits to a minimum of $20,000 annually toward a project jointly determined by the company principals and the President of UVI. This commitment can be supplemented by agreed upon in-kind contributions. Programmatic Revenue Generated for UVI Revenue Streams UVI Research and Technology Park Corporation Revenue October 2018 Through September 2022 *2022 Budgeted UVI Research and Technology Park Corporation’s Fiscal Year end is 9/ 30 Contact Us (340) 474-0922 peter.chapman@uvirtpark.net www.uvirtpark.net View our 2021 Annual Report