RTPark Briefing

Published Tuesday, March 12, 2019

Organizational Development Progress

  • Director of Business Attraction & Entrepreneurship
  • Chief Financial Officer
  • Augmenting Staff with UVI Interns, Graduate Fellows from UVI and University of Michigan
  • Implemented New Financial Management System
  • Compliance KPIs
  • Business Intel
  • New Website & Marketing Materials

Pipeline Review and Discussion of Selected Projects

  • Progress to Date
  • Island Time Concierge - Business Retention Opportunity
  • Catchnet
  • Farmpod

Emerging Entrepreneurship Program

  • Establishing a Portal to the RTPark Program
  • Key Elements (i.e., technical assistance, export programming, access to capital)

Partnership Opportunity for Discussion: Bringing CDFI to the USVI—National Devel. Council

  • Need to Set Date for Site Visit

Foreign and Domestic Trade Mission – Update

  • Taiwan - Science Parks, Accelerators
  • Guangdong Province - Accelerators, FinTech Firms
  • Mainland U.S. (partial list):
    • Worldwide Technology
    • OmniSystems
    • BMR (in process)
    • Hedge Funds

Marketing Meetings and Business Attraction Summit

  • June 6th Community Briefing - STX (entrepreneurs, government agencies and anchor institutions)
  • June 13th - STT Community Briefing
  • October 9th-11th - Business Attraction Summit (U.S.-based companies and influencers)

64 West Center – Update

  • Soft Landings/Accelerator Space for Entrepreneurs
  • Resiliency Features

Client Testimonials

Our firm, The RainTree Group, came into the UVI RT Park program in 2018.  We didn't have much experience in the USVI and followed the advice of the wonderful RT Park staff and other RT Park tenants.  The application process was transparent and straightforward.   The simple concept of the Park is mutual benefit - your company gets some tax incentives that allows you to grow your business more quickly and the USVI and UVI gets additional tax base, employment opportunities, and scholarships for deserving students.  The business environment and life in the USVI is slower paces and less stressful as the mainland, and without question the biggest business hurdle is communications, so find an office location where you have investigated the broadband options. Come and join us, you won't regret it!

James Salter, VosCom dba The RainTree Group

There are many unique treasures to living here. I’ve discovered a passion for mountain biking. My children have learned to sail. With a small community, you get to know people quickly. We found they went out of their way to make us feel welcome. When considering the move, a top concern was the children’s education. We found a quality school our kids love, with a dedicated faculty. In fairness there is an adjustment period. You learn to navigate island life, master shipping logistics, get to know a new culture, and take in some of the most beautiful ocean views in the world.

David Thompson, Exigo

In January 2012 my business was underway as a Tech Park entity. It has been a wonderful seven years. The Tech Park has always been supportive, easy to do business with, and is making a positive impact on the islands. The Tech Park organization is professional and efficient. They have created a friendly business environment that has been a pleasure to work within and a great experience overall. I would encourage any eligible entity to consider joining us in the Tech Park.

Louise Stapleton, LNL Publishing

We have been part of the RT-Park program for almost three years now.  The application process was straight forward and we had plenty of dialogue and feedback prior to our approval.  My only regret is we didn’t do this sooner.  It is satisfying  knowing that we are partners with UVI and enabling the education of the next generation .  We also love living in the USVI.  People are warm and welcoming and the pace of life is amazing healthy.  Most days it feels like a working vacation.

Andy Hemmert, President , HRMT, LLC