Powers and duties of Director

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  • The Chief Executive Officer or at his direction, the Assistant Chief Executive Officer shall have the following powers and duties:
    • (a) Conduct preliminary investigations with regard to all applications for economic development benefits.

    • (b) Submit his recommendations with regard to economic development benefits applications to the Commission as required under this subchapter.

    • (c) Advise the Commission regarding compliance by beneficiaries with the terms and conditions of their certificates and with the general requirements of this subchapter, and aid in the enforcement of all such conditions and requirements.

    • (d) Promote the economic development program by initiating contact and communication with prospective investors and, to the extent that funds are available therefor, cause to be produced and distributed such promotional literature, brochures and pamphlets, and place advertisements in such trade, industrial or other publications, as will adequately inform and familiarize prospective investors of investment opportunities, advantages and benefits in the Virgin Islands.

    • (e) Coordinate and expedite the prompt processing and payment of subsidy claims.

    • (f) Aid the Commission in the preparation of its annual budget proposed for consideration and approval by the Governor.

    • (g) Attend all meetings of the Commission and conduct such research and submit such reports as may be requested by the Commission.

    • (h) Actively and aggressively promote the economic development program, and, in so doing, undertake and carry out studies, research and investigations with respect to the establishment and expansion of industrial or business enterprises in the Virgin Islands.

    • (i) Hire and remove employees of the Commission and the Economic Development Park Corporation subject to the approval of the Board of Directors of the Economic Development Authority;

    • (j) Be responsible for the general administration of the Commission and the Economic Development Park Corporation; and

    • (k) Collect and assemble, or cause to be collected and assembled, information pertinent to carrying out the purposes of the Economic Development Park Corporation in providing industrial plants, equipment and facilities for the encouragement of new trade, industry and commerce and the expansion of existing trade, industry and commerce within the Territory.


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