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Technological Revolution on the agenda at first U.S. Virgin Islands investment forum

dr-coverdale-on-stage2It was a privilege to participate in the very first United States Virgin Islands investment forum last week! Jointly coordinated by the 31st Legislature and the Virgin Islands Economic Development Authority, the forum was held at the beautiful Marriott Frenchman’s Reef Hotel and Morning Star Beach Resort. The theme was “Creating Opportunities through Development, Agriculture and Technology.” 

dr-coverdale-quote-usviinvestmentOur panel (“Leveraging Our Technological Edge”) gave me the opportunity to share the good news about our brand-new 100% fiber optic communications infrastructure. I truly believe that the viNGN is the catalyst to attract new businesses to our islands! When those businesses get here, we want them to find a well-trained work force, experienced managers, and qualified contractors. In the coming weeks, you will hear about some initiatives we are taking to help USVI residents, from K-12 and beyond, to play a big part in this Technological Revolution.

The U.S. Virgin Islands, already gifted with a strong entrepreneurial spirit, is now poised to take commerce to the next level. We are not just local, we are GLOBAL. Until now, we had been known mainly for “Sun, Sand and Sea” – we can now add SPEED and of course, SAVINGS, for qualified EDC beneficiaries who will enjoy tax benefits as they do business here.

Hats off to the organizers of this first Investment Forum – it’s a sure sign of the renaissance we are experiencing in the USVI. I am looking forward to the Next Generation of the Virgin Islands!

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About vingn

The Virgin Islands Next Generation Network (viNGN) was established in 2010 as a public corporation; it is a wholly owned subsidiary of the Virgin Islands Public Finance Authority. viNGN was funded primarily from a grant by the National Telecommunications Information Administration (NTIA) as part of a federal program to improve the broadband capacity in the United States, its territories, and the District of Columbia.The program is called the Broadband Technology Opportunities Program (BTOP).


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