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Virgin Islands Economic Development Commission 
Public Hearing of Tuesday, August 27, 2024 
Summary Read Out 
 
During the Virgin Islands Economic Development Commission (“VIEDC”) Public Hearing on 
Tuesday, August  27, 2024, the VIEDC Governing Board heard two (2) application presentations 
as follows: 
 
Applications 
 
1. Bloom Analytics, LLLP  – New Application 
 
[Category IV – Designated Services Business; Investment: $100,000; Jobs: 5; Location: St. Croix, VI] 
 
 
Bloom Analytics, LLLP (“Bloom Analytics”) seeks VIEDC tax incentive benefits as a Category IV 
– Designated Services Business. 
 
On February 21, 2024, Bloom Analytics filed an application with the Virgin Islands Economic 
Development Commission (“VIEDC”) for tax incentive benefits as a Category IV – Designated 
Services Business providing a full-service consulting, ideation, development, and 
management firm offering a full suite of analytics, marketing, and consulting 
solutions/services to lenders, financial technology (“fintech”), and embedded finance 
companies.  All of Bloom Analytics’ clients will be located outside the USVI.  Bloom Analytics 
commits to employing five (5) full-time employees, including the owner, within one (1) year 
from the date the VIEDC Chairman signs the VIEDC Certificate.  Bloom Analytics also commits 
to invest a minimum capital investment of $100,000 in the benefitted business commencing 
October 18, 2023, and completed within one (1) year of the commencement of operations. 
Bloom Analytics further agrees to meet all statutory, and special conditions, and other 
applicable requirements for the grant of tax incentive benefits. Bloom Analytics is located on 
the island of St. Croix. 
 
2. MJB Caribbean Ventures, Inc. – New Application 
 
[Category III – Hotel; Investment: $4,015,000; Jobs: 10; Location: St. Thomas, VI] 
 
 
MJB Caribbean Ventures, Inc. (“MJB”) seeks VIEDC tax incentive benefits as a Category IV – 
Designated Services Business. 
 
On June 6, 2024, MJB filed an application with the Virgin Islands Economic Development 
Commission (“VIEDC”) for tax incentive benefits as a Category III – Hotel.  MJB owns two 
properties of which it is seeking tax incentives, Hotel 1829 and At Home in the Tropics.  MJB 
commits to employing a minimum of 10 full-time employees, excluding the owners, - five (5) 
full-time employees as they ramp up in Year 1 and five (5) additional full-time employees by 
the end of Year 2. MJB also commits to invest a minimum capital investment of $4,015,000 
in capital investment which includes $2,500,000 for the acquisition of the Hotel 1829 
property. MJB further agrees to meet all statutory, and special conditions, and other 
applicable requirements for the grant of tax incentive benefits. MJB is located on the island 
of St. Thomas.