U.S. Virgin Islands Moves Full Steam Ahead with Business Recruitment Strategy and Receives Help from the Private Sector

U.S. Virgin Islanders are resilient. America’s business paradise will rebuild, and we’ll be better than before.

The U.S. Virgin Islands Economic Development Authority (USVIEDA) has resumed business development efforts following Hurricanes Irma and Maria. The organization, dedicated to attracting inward investments to the Territory, has conducted a series of meetings with company executives within the area’s target industry sectors. This outreach is underway, while simultaneously working with the local business community during the recovery.

“U.S. Virgin Islanders are resilient. America’s business paradise will rebuild, and we’ll be better than before,“ said the U.S. Virgin Islands Economic Development Authority’s acting president and chief executive officer, Wayne Biggs Jr. “It is important that we continue to be aggressive with our business recruitment efforts. We understand the lead time it takes a company to go from initial conversations to actually setting up a new location. Getting in front of company executives now is more important than ever.”

This month, USVIEDA representatives attended two key events, Private Wealth Latin America & Caribbean and Fort Lauderdale International Boat Show. Both conferences allowed USVIEDA to conduct one-on-one meetings with company prospects and provide insight on the advantages of establishing a business in the U.S. Virgin Islands. USVIEDA also shared a status update on the recovery efforts, including the private sector’s enormous contribution to rebuilding the USVI.

In addition to relief support from the federal government, members of the USVI business community have stepped up to help with rebuilding the Territory. Just recently, the Stephenson Family Foundation, founder of companies including the Cancer Treatment Centers of America and International Capital & Management Company, announced a $5 million pledge for relief efforts. Also, Cane Bay Partners, a financial services consulting and analytics firm, launched, Cane Bay Cares, a fundraising campaign aimed at providing direct relief to the citizens of St. Croix.

“While the USVI sustained a substantial amount of damage due to the hurricanes, we see the current situation as one that is…

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