Summary – EZC Decision Meeting 20260526
Virgin Islands Enterprise Zone Commission Decision Meeting of Tuesday, May 26, 2026 Summary During the Enterprise Zone Commission (“EZC”) Governing Board Meeting on Tuesday, May 26, 2026, the Governing Board heard recommendations from the staff regarding one (1) compliance matter, and voted as follows: Regular Session: ❖Action Items: ➢ COMPLIANCE: 1. In The Mix Cakery, LLC – Modification In The Mix Cakery, LLC (“In The Mix”) was granted South Shore Trade Zone tax incentive benefits to conduct its operations within in the South Shore Trade Zone located at the William D. Roebuck Industrial Park Bldg. 3 Bay 302, St. Croix. In The Mix originally committed to an investment of $896,908 and to employing ten (10) permanent full-time employees and one (1) apprentice. On April 14, 2026, during the beneficiary orientation, In The Mix explained that its investment amount had been revised because of approved financing. In The Mix was not successful in obtaining financing through local commercial lending institutions as originally sought. …
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Virgin Islands Enterprise Zone Commission Decision Meeting of Tuesday, May 26, 2026 Summary During the Enterprise Zone Commission (“EZC”) Governing Board Meeting on Tuesday, May 26, 2026, the Governing Board heard recommendations from the staff regarding one (1) compliance matter, and voted as follows: Regular Session: ❖Action Items: ➢ COMPLIANCE: 1. In The Mix Cakery, LLC – Modification In The Mix Cakery, LLC (“In The Mix”) was granted South Shore Trade Zone tax incentive benefits to conduct its operations within in the South Shore Trade Zone located at the William D. Roebuck Industrial Park Bldg. 3 Bay 302, St. Croix. In The Mix originally committed to an investment of $896,908 and to employing ten (10) permanent full-time employees and one (1) apprentice. On April 14, 2026, during the beneficiary orientation, In The Mix explained that its investment amount had been revised because of approved financing. In The Mix was not successful in obtaining financing through local commercial lending institutions as originally sought. As a result, In The Mix modified its business plan and obtained financing through VIEDA’s EDB. On April 17, 2026, the beneficiary submitted an email request to modify the total investment amount from $896,908 to $450,000. The Governing Board voted (5 – 0) to: 1. Approve In The Mix Cakery, LLC’s request to modify its investment amount from $896,908 to $450,000. 2. Require all other terms and conditions of the EZC Certificate to remain unchanged and in full force and effect.