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ST. CROIX 116 Kinq Street, Frederiksted, VI 00860
UNITED
STATES
VIRGIN
ISLANDS
Economic Development Authority
(360) 7736499 FAX (360) 773-7701
ST. THOMAS 6000 Nisky Shopping Center, Suite 620, St. ThQmas, VI 00802
(340) 714-1700 FAX (360) 777-1103
www.USVIEDA.org
U.S. Virgin Islands Economic Development Authority
To:
Beneficiaries of the Virgin Islands Economic Development Program
From:
Wayne L. Biggs, Jr.
Acting Chief Executive Officer
Copy:
VIEDC Governing Board
Tracy Lynch Bhola, Esq., General Counsel
Claude Gerard, Director of Compliance
Margarita Greenidge-Benjamin, Director of Applications
Date:
September 12, 2017
Subject:
Hurricane Irma-- VIEDC Procurement and Charitable Contributions
St. Thomas/St. John District
In our effort to expedite the rebuilding process for Beneficiaries and our community affected by
Hurricane Irma in the St. Thomas/St. John District, the Virgin Islands Economic Development
Commission (“VIEDC”) has determined that to prevent undue hardship it is in the best interest
of the Territory to waive the Economic Development Program’s procurement procedures,
effective September 7, 2017 through December 31, 2017.’
While this waiver is intended to
ensure the expeditious return of business to the Territory, all Beneficiaries are reminded that
recordkeeping
requirements
shall
remain
in
full
force
and
effect
throughout
the
aforementioned waiver period.2
1
See VIEDC Rules and Regulations 708-709 (Procurement Procedure
— Solicitation for Quotes); see also
V.I.R.R. 701-5 and 708-713 (Waiver provisions).
NOTICE 2017-001
Procurement
2
See v.I.R.R. 708-712. Record Keeping Requirements.
Special Condition
- Charitable Contribution
With regard to charitable contributions, all contributions related to educational programs and
initiatives shall remain
in
full force and effect as stated
in Beneficiaries’ Tax Incentive
Certificates. Beneficiaries may, however, petition the VIEDC to redirect the remaining amount
to a locally based 501(c)(3) or government relief agency directly related to Hurricane Irma
relief. Such relief related petitions will be decided upon within one (1) business day of receipt.
Approved redirected contributions shall be applied to the Beneficiary’s 2017 fiscal/calendar
year charitable contribution requirement. All such contributions must be well-documented for
VIEDC compliance purposes.
Again, these Hurricane Irma waivers and modifications apply only in the St. Thomas/St. John
District. Please direct all inquiries to:
Claude S.M. Gerard, Director of Compliance
U.S. Virgin Islands Economic Development Commission
(340) 773-6499
csmgerard@usvieda.org