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   Wednesday, Nov. 13, 2019 U.S.V.I. Business & Career Guide    

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IGIA Meeting A Success: Largest group of high ranking officials ever assembled for the Insular areas.
by VIBusiness Staff

     The first ever meeting of the IGIA Meeting A Success featuring all Federal agency principals, all insular Congressional Delegates with the CNMI's Washington representative and three of the four Insular Governors was by all accounts a success. Co-Chairs John Berry Assistant Secretary of the Department of the Interior and Jeffrey Farrow, Co-Chair of the President's Interagency Group on Puerto Rico covered the range of issues confronting the islands,and summarized the impressive strides made by the IGIA to date since the initial all Federal partners meeting held on January 18.
     
     "Today's meeting in the Old Executive Office Building of the White House with members of the Interagency Group On Insular Affairs (IGIA) was a important step which will result in issue resolution and will dramatically increased the level of participation in Federal programs by U.S. territories," Office of Insular Affairs (OIA) Director Danny Aranza said.
     
     Evidencing the significance of this event was the presence of Mickey Ibarra,the White House Director for Intergovernmental Affairs and Maria Eschaveste,White House Deputy Chief of Staff. Following presentations by all insular Governors and Delegates, OIA Director Danny Aranza delivered a summary of the staff level discussions that were held throughout the previous two weeks.
     The IGIA process culminated in at least 15 short term wins which can best be described as Federal/Island partnerships. These alliances are dedicated to the resolution of important issues affecting all of the Insular areas in the coming months.
     
     President William J. Clinton established the IGIA on August 9, 1999 by Executive Memorandum, and the first all Federal officials' meeting was held on January 18, 2000. The IGIA will give guidance on policy concerning Guam,the Commonwealth of the Northern Mariana Islands, American Samoa and the United States Virgin Islands. The creation of the IGIA acknowledges that complex issues concerning the insular jurisdictions constantly emerge whose resolution cuts across executive agency lines.
     
     
     
     

IGIA Meeting A Success: Largest group of high ranking officials ever assembled for the Insular areas.
   President William J. Clinton established the IGIA on August 9, 1999 by Executive Memorandum, and the first all Federal officials' meeting was held on January 18, 2000. The IGIA will give guidance on policy concerning Guam,the Commonwealth of the Northern Mariana Islands, American Samoa and the United States Virgin Islands. The creation of the IGIA acknowledges that complex issues concerning the insular jurisdictions constantly emerge whose resolution cuts across executive agency lines.
  
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ECONOMIST OFFERS SUGGESTIONS TO SPUR THE ECONOMIC PROGRESS OF THE VIRGIN ISLANDS
   The Virgin Islands can become the new seat of innovation, entrepreneurship and enterprise by creating the business environment in which hi-tech firms can flourish and prosper. The territory can become the "Silicone Valley" without the chip manufacturing plants. With these companies actually incorporated in the Virgin Islands they get unique tax benefits under IRS 934. By being headquartered in Virgin Islands it gets first priority at hosting their R and D and manufacturing facilities.
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IDC BENEFITS---The Best Investment Deal Under the American Flag
   The IDC legislation was enacted to boost economic development and local employment by luring new industries and new business investment to the territory. This Act allows a business enterprise to enhance profits and to retain almost all profits tax-free in exchange for guaranteed local employment and the spawning of economic activity beneficial to the territory.
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THE ST. CROIX CHAMBER OF COMMERCE HAS RECOMMENDATIONS TO STIMULATE ECONOMY.
   Chamber of Commerce has 14-point business advocacy agenda and recommendations to stimulate business and economy on the big island.
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