90-100% Tax Exemptions: EDA Promotes USVI Business Opportunities at Major Investment Summits

Representatives from the V.I. Economic Development Authority recently participated in two conferences to promote the U.S. Virgin Islands as a prime destination for business development and investment. These efforts are part of the EDA's ongoing strategy to attract new investments to the territory. From July 24-28, 2024, EDA representatives attended the 28th Annual International African American Hotel Ownership & Investment Summit & Trade Show and the 11th Annual International Multicultural and Heritage Tourism Summit in Miami, Florida. Hosted by the National Association of Black Hotel Owners, Operators & Developers (NABHOOD), the event brought together economic developers in the hotel industry. Prior to NABHOOD, the EDA also participated in the 10th Annual SelectUSA Investment Summit held in National Harbor, Maryland from June 22-25, 2024. During these conferences, EDA officials highlighted the U.S. Virgin Islands' attractive tax incentive program, which offers 90-100 percent tax exe...