Virgin Islands Enterprise Zone Commission 
Decision Meeting of Thursday, March 27, 2025 
Summary 
 
 
During the Enterprise Zone Commission (“EZC”) Governing Board Meeting on Tuesday, March 27, 
2025, the Governing Board heard a presentation on the EZC’s 2023 Annual Report and 
recommendations from the EZC Team regarding three (3) compliance matters, and voted as 
follows: 
 
Regular Session: 
 
• Action Items: 
 
▪ COMPLIANCE: 
 
1. 
SHE-CAT Investments, LLC – Withdrawal  
 
SHE-CAT Investments, LLC (“SHE-CAT”) was granted tax incentive benefits (tax credits) to revitalize a  building 
located at 2A & 2B Kongens Gade, St. Thomas in the Garden Street-Upstreet Enterprise Zone. SHE-CAT 
committed to investing $200,000 in the revitalization of the building and employing two (2) temporary 
employees who are residents of the U.S. Virgin Islands. 
 
 
On March 4, 2025, SHE-CAT filed a petition requesting a withdrawn from the EZC tax benefit program.  
 
The Governing Board voted (5 – 0) to: 
 
• Approve SHE-CAT Investments, LLC’s request for withdrawal from the EZC tax 
benefit program. 
 
2. Virgin Estates, Inc.  – Modification  
 
Virgin Estates, Inc. (“Virgin Estates”)  was granted tax incentive benefits for the revitalization of a building 
located at 20 King Street, Christiansted, St. Croix.  The Virgin Estates committed to investing $600,000 and 
employing two (2) temporary employees who are residents of the Virgin Islands.  
 
On February 19, 2025, Virgin Estates filed a petition requesting an investment modification.  
 
The Governing Board voted (5 – 0) to: 
 
1. Approve a modification of Virgin Estates, Inc.’s  investment amount from $60,000 
to $54,179.91. 
 
2. Require all other terms and conditions of Virgin Estates, Inc.’s EZC Certificate to 
remain unchanged. 
 
3.  Dennis A. & Deborah Y. Howell – Modification  
 
Dennis A. & Deborah Y. Howell (“Howell”) was granted tax incentive benefits (“tax credits”) to revitalize a 
building located at 87B Smithfield, Frederiksted, St. Croix. Howell committed to investing 150,000 and 
employing two (2) temporary employees who were residents of the U.S. Virgin Islands. 
 
On February 21, 2025, Dennis A. & Deborah Y. Howell filed a petition requesting an investment modification.  
 
 
 
 
The Governing Board voted (5 – 0) to: 
 
1. Approve a modification of Dennis A. & Deborah Y. Howell’s  investment amount from 
$150,000 to $81,595.13. 
 
2. Require all other terms and conditions of Dennis A. & Deborah Y. Howell’s EZC 
Certificate to remain unchanged.