The Research and Technology Park, called the RT Park, has launched two programs aimed at advancing economic development in the U.S. Virgin Islands. The first, an accelerator program that provides help to tech startups in the territory, will launch later this year with six companies, five of which are locally-owned.
The Park is also launching what is being called the VI Talent Bank, which seeks to attract Virgin Islanders with degrees in tech back to the territory to work with companies within and outside of the RT Park.
In simple terms, the RT Park’s core mission is to grow the local economy by attracting technology and knowledge base businesses to the U.S. Virgin Islands through tax incentives. But the vision has been expanded to also nurture small, local businesses and help grow them into behemoths borne through the RT Park program. [Read full story at The Virgin Islands Consortium]