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USVI: Gov. Byran markets USVI as top-tier investment destination

-pitch made to international law firm Winston & Strawn
Speaking to over 100 clients and staff of international law firm Winston & Strawn, Governor Albert A. Bryan highlighted the USVI’s tax breaks, renewable energy push, and exemption from the Jones Act as strategic assets for investment and business growth. Photo: VIC
VI CONSORTIUM

WASHINGTON D.C., USA- Government House announced Friday that Governor Albert A. Bryan Jr. addressed more than 100 clients and personnel of law firm Winston & Strawn, making a powerful case for the U.S. Virgin Islands as a premier destination to do business.

Governor Bryan spoke to the international firm about the territory's "unmatched stability, pro-business policies, and strategic location" as "exceptional advantages for business investment and economic growth" during a virtual webinar on Tuesday, while in Washington, D.C. 

“The Virgin Islands is not just a tropical paradise; it is a jurisdiction of opportunity,” Governor Bryan said. “Our Economic Development Commission (EDC) has operated for more than 50 years, offering a proven and resilient program that guarantees a 90% reduction in federal income tax and a 1% customs tariff—benefits found nowhere else in the United States.”
 
He also stressed the Virgin Islands’ exemption from the federal Jones Act, allowing foreign-flagged vessels to ship goods directly to U.S. ports from the Territory, according to Government House.
 
“This gives us a logistical and commercial advantage that few jurisdictions can match,” the Governor noted.
 
St. Croix is a hub for economic expansion- Gov. Bryan

Pointing to St. Croix, the territory's leader hailed the big island as a key hub for economic expansion, calling it “a prime landscape for long-term investment.”

“We’re experiencing a perfect storm of opportunity,” he said. “With comprehensive fiscal incentives, major infrastructure modernization, and a full-scale transition to renewable energy, the Virgin Islands—especially St. Croix—is a place where business can thrive with predictability and vision.”

Mr. Bryan, according to Government House, went on to outline recent advancements in the territory’s energy infrastructure, including solar power integration, expanded renewable generation, underground electrical distribution, and an overhauled energy delivery system led by the V.I. Water and Power Authority.

Governor Bryan concluded by inviting attendees to visit the territory and explore opportunities firsthand: “We are open for business and ready to welcome forward-thinking investors looking for stability, growth, and partnership.”

 

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