U.S.V.I. Promoting Business Incentives at Investment Summit

The U.S. Virgin Islands is promoting business incentives at the Caribbean Hotel & Resort Investment Summit (CHRIS), taking place at the Seminole Hard Rock Hotel & Casino in Hollywood, Florida this week.

Leading the territory’s delegation are the U.S. Virgin Islands Department of Tourism and the U.S. Virgin Islands Economic Development Authority (USVIEDA), which are partnering to ensure that the interests of both public and private sector stakeholders are promoted and communicated to would-be investors.

The annual investment conference features insightful information sessions and panel discussions, networking opportunities, and nearly 70 speakers, approximately 33 percent of whom are chairmen, chairwomen, CEOs or presidents representing various Caribbean hospitality and tourism brands and organizations.

“We continue to see strong expressions of interest in our destination, from both the leisure travel and business development perspectives. At CHRIS we have an excellent opportunity to capitalize on this demand through follow-up discussions and pursuing new leads,” said USVI Commissioner of Tourism Joseph Boschulte in a press release, adding that the timing is right for stakeholders and investors alike to explore “all the fantastic business opportunities that await in the territory.”

Expressing his enthusiasm in a press note, USVIEDA CEO Wayne Biggs said, “We are ready to accelerate the attraction of decision makers from the hospitality sector by sharing the benefits, such as tax and economic incentives, that can be enjoyed from doing business in the U.S. Virgin Islands.”

In addition to supporting the conference as a patron sponsor, the Department of Tourism and the Economic Development Authority are jointly staffing the territory’s trade show booth at the event, and exploring new leads for the territory.

For more information, visit www.visitusvi.com.

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