Benefits of the RTPark Program

Tax Incentives

The RTPark, which operates as a Protected Cell Corporation and an autonomous instrumentality of the USVI Government, offers numerous tax exemptions and reductions, the most notable of which is a 90% reduction on tax liability for the business and also for direct and indirect owners of beneficiaries if the owners are bona fide residents of the USVI.​​

Tax Benefits Granted to RTPark Businesses:​

ExporTech

ExporTech™  is a national export assistance program helping companies enter or expand in global markets. ExporTech™ applies a structured export strategy development process that assists companies to accelerate growth. The result is that companies rapidly expand global sales and save countless hours of effort.​

The ExporTech™ Program Provides:​

  • Structured Process—Vetted Plan​
  • Efficient Connection to Experts and Organizations in One Place​
  • Execution and Go-to-Market Support​
  • Customized, Innovative Sessions​
  • C-level Peer Group - Propels Action, Learning, Networking​
  • 3rd Party Verified Results/ROI​ 

“If you want to open up business in international markets, ExporTech™ provides the knowledge and valuable connections. It gave us confidence about what we needed to do, and awareness of things we were not doing right, and ensured that everything was smooth and legal, and that we could pursue international without fear of the unknown.“​ —Tom Sanders, Managing Director of Coherent Technical Services Inc​

 
Workforce/Development

Businesses in the USVI have access to a ready stream of workers to fuel success. The talent pool is full of innovative thinkers, including, but not limited to:​

  • Education​
  • Technology​
  • Marine Biology​
  • Engineering​
  • Mathematics​
  • Healthcare​
  • Arts & Humanities​

For more information on registering for access to this directory, contact Sydney Paul

The University of the Virgin Islands and our robust workforce training programs continue to grow and train our highly skilled reliable talent. ​


Impact

Investors not only thrive but contribute to improving the quality of life in a community small enough for the activities of a single firm to make a difference. Examples of how RTPark Clients make a difference in the community:

  • Working with UVI leadership in the design of a planned UVI medical school
  • Partnering with the Breast Cancer Association to give women free mammograms
  • Providing internet to a number of local schools
  • A $5 million donation that helped set up the UVI Entrepreneurship Program
  • Contributing to the USVI innovation centers in St. Thomas & St. Croix on an annual basis

Coworking

We know that finding office space for a small team can be a hassle and costly. The RTPark provides coworking space for RTPark clients and prospective clients. Coworking is about more than a desk and high-speed internet. Coworking in an RTPark office helps you and your team connect to our community of like-minded entrepreneurs, mentors, and investors. Our ecosystem provides you with the support you need to scale a company from the USVI.

RTPark Coworking Locations Provide:

    • Modern desks in an open floor plan
    • Shared conference room space
    • Access to RTPark Mentors

University PartnershipThe RTPark partners directly with The University of the Virgin Islands (UVI) [link to www.uvi.edu] to help develop innovation-centered programs and provides dedicated assistance in fulfilling our clients’ financial and in-kind commitments to the university. ​

Clients support the university in several ways including:

    • student engagement (internships, fellowships and volunteering);
    • student scholarships;
    • faculty engagement through joint research projects or curriculum advice;
    • special projects;
    • advice and operational assistance to UVI;
    • gifts and endorsements;
    • distinguished lectures;
    • knowledge exchanges and employment programs for US Virgin Islands residents and UVI graduates.

In in addition to VI Talent Bank directory, the RTPark is also proud to collaborate with the UVI’s Innovation and Entrepreneurship Activities (UVIDEA) through its Innovation Fund.

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

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

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

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