1 
 
Virgin Islands Economic Development Authority (USVIEDA) 
Governing Board Meeting 
Thursday, September 12, 2024 
Summary Report 
 
During the Virgin Islands Economic Development Authority (“USVIEDA”) Governing Board 
Meeting on Thursday, September 12, 2024, the Governing Board was provided updates on four 
(4) Discussion Items from the USVIEDA Team as follows: 
 
Regular Session 
 
❖ Discussion Item 
 
A. USVIEDA’s Legislative Budget Hearing 
 
The CEO and CFO provided a summary on the Authority’s FY2025 Budget Hearing at the 
Legislature on August 29, 2024, and indicated the 35th Legislature was very supportive of 
the Authority’s proposed budget and recommended that the Authority submit a 
supplemental request for additional funds based on the workload and the need for 
additional staffing. 
 
B. Meeting with the Governor – Vision 2040; Creation of the Business Climate 
Commission 
 
The CEO provided a summary on the Authority’s meeting with Governor Albert Bryan and 
his team on September 10, 2024, and indicated that the Governor was very supportive of 
creating the Business Climate Commission as recommended in Vision 2040. 
 
C. International Economic Development Council (IEDC) 2024 Annual Conference  
 
The CEO reminded the Governing Board that some Board and Team Members will be 
attending the upcoming IEDC Annual Conference in Denver, CO; September 15 – 18, 2024. 
It's the premier platform for the economic development profession with thousands of 
economic development practitioners and thought leaders from around the globe 
attending. It spotlights the innovative work of economic developers and equips them with 
the tools and knowledge to drive positive change and innovation in your community.  
 
D. Invitation to the White House - Communities in Action: Building a Better Puerto 
Rico and U.S. Virgin Islands; September 19, 2024 
 
The CEO advised the Governing Board of an invitation he received from the White House 
to attend a meeting on September 19, 2024 to discuss economic development related 
issues for Puerto Rico and the U.S. Virgin Islands.