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The Legislature of the Virgin Islands finds and declares:
That there exists a pool of talented, but unemployed, residents in the Territory;
That the lack of employment opportunities makes it possible for these talented residents to loiter about Virgin Islands streets; to lead lives devoid of gainful activities, and to be susceptible to the criminal element in the Virgin Islands;
That a professionally created and operated craft program aimed at placing these talented residents in gainful employment activities would benefit the Territory;
That it is the purpose of this chapter to provide a program of gainful employment for these talented residents;
That the Board's powers and authority created by this chapter are valid public undertakings within the meaning of this chapter.