 | Sapphire Beach Condos |
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| The Anchorage on Cowpet Bay |
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| Island Work |
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Like all island nations in the Caribbean, the U.S. Virgin Islands economic foundation is tourism. But working or starting your own business within the tourism industry or others in the U.S. Virgin Islands offers a number of assets beyond just our beautiful climate. With the security provided by being a territory of the United States, business in the U.S. Virgin Islands also receive special tax incentives, eligibility for foreign trade, duty-free status, amazing rates on commercial rentals and a solid business atmosphere that encourages potential investors to investigate all of the benefits of operating here.
The U.S. Virgin Islands has its share of light and heavy industrial businesses, too. Currently, the St. Croix Industrial Park has 150,000 square feet of space with acres of flat land and tax incentives for new businesses associated with light industry. Additionally, the U.S. Virgin Islands is also a haven for the marine industry, which accounts for 10 percent of the territory’s economy, spawning additional businesses such as parts and service companies. The incredible natural beauty of the landscape and the people regularly bring in film crews to take advantage of our wonderful environment, often hiring “extras” and tapping supporting companies for lighting, underwater cameras and video editing suites to name just a few. The agriculture industry is primarily located on St. Croix, which supports a variety of livestock and farming of freshwater fish.
All of the basic necessitates to operate a modern business are available in the U.S. Virgin Islands. A well-developed infrastructure that includes state-of-the-art phone services, electrify and desalinated water are complimented by established ports, well-maintained roads and fantastic airports. Delivery services via the U.S. Postal Service, UPS, Federal Express and DHL Worldwide Express are also available for additional business purposes.
The U.S. Virgin Island’s workforce benefits form the Labor Department which matches current labor supply with available positions. And although local government and the service industry associated with tourism remain the largest employers, those within construction, manufacturing, transportation, and communications fields and more will find opportunity here, too. Positions in accounting, auto mechanics, carpenters, chefs, electricians, mechanics secretaries and wait staff should have no trouble finding a new job in the U.S. Virgin Islands.
For more information regarding tax incentives and additional business information, please feel free to visit the Virgin Islands Economic Development Authority website by clicking here, or to contact the Labor Department about available positions, please click here. |
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