Annual report

1. Law
2. US Virgin Islands Code
3. Public Planning and Development
4. Enterprise Zone Program Act
5. Enterprise and Commercial Zone Program
6. Annual report

• At the beginning of each fiscal year, the Commission shall file with the Governor and the Legislature a detailed report of its activities for the preceding fiscal year and make any recommendations with reference to any additional legislation or other action that may be necessary in order to carry out this chapter. In the preparation of the annual report, the Commission shall utilize the staffs and resources of the Historic Preservation Commission and the Bureau of Economic Research to the extent necessary. The written report shall set forth:

  • (a) Its operations and accomplishments during the preceding fiscal year;

  • (b) The progress of the implementation of the strategic plan;

  • (c) The number and type of businesses assisted, located and retained in the Enterprise Zones;

  • (d) The number of jobs created within the Enterprise Zones during the preceding fiscal year;

  • (e) The usage and revenue impact of incentives granted during the preceding calendar year;

  • (f) An evaluation of additional incentives that could be offered by the Government to revitalize the Enterprise Zones;

  • (g) A review of local resources that are available and could be targeted toward revitalizing economic conditions of the Enterprise Zones;

  • (h) The dollar value of Enterprise Zone tax credits that are claimed each year by Enterprise Zone businesses;

  • (i) A cost benefit analysis of the Enterprise Zone Incentive Program; and

  • (j) Any other relevant action by the commission as it may deem necessary.

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