The RTPark always look forward to collaborating with businesses that want to thrive in their domain while contributing to human development. Joining our community involves a well-defined efficient application process that gets completed in three months if all the essential documentation and applications are submitted.

Here's your roadmap to becoming a valued member of the RTPark network.

Stage 1: Screening and Pre-Application (2 Weeks)

Understanding the Landscape

At this initial stage, we provide a comprehensive overview of the RTPark program, detailing its mandate, incentive program, and evaluation criteria. Prospective companies engage in informative conversations, exploring timelines, financial aspects, and legal requirements.

Key Steps:

  1. Inquiry and Screening Conversations: Explore the intricacies of the RTPark program.
  2. Timeline, Financial, and Attorney Requirements: Understand the critical elements for successful engagement.
  3. Business Profile Submission: Prospective companies submit a business profile for initial assessment.

Outcome:

By the end of this stage, both parties should have a clear understanding of the fit between the prospective company and the RTPark Program.

Stage 2: Term Sheet Development (4 weeks)

Shaping the Partnership

Upon mutual agreement on fit, Stage 2 involves developing a Term Sheet that outlines the terms for a long-term partnership. The finalized Term Sheet is then submitted for consideration by the RTPark Program Board of Directors.

Key Steps:

  1. Negotiation and Agreement: Parties work collaboratively to outline the terms of the partnership.
  2. Term Sheet Submission: The completed Term Sheet is presented to the RTPark Program Board of Directors.

Outcome:

Completion of this stage sets the foundation for a formalized and long-lasting partnership.

Stage 3: Formal Application Procedures (8 Weeks)

Navigating the Formalities

With an approved Term Sheet, the application process moves into the formal phase. Prospective clients are notified, and a comprehensive due diligence process ensues. Background checks and the submission of the formal application are key components leading to the final decision-making steps by the RTPark Program Board of Directors.

Key Steps:

  1. Notification and Formal Application: Prospective clients are informed, and the formal application is submitted.
  2. Comprehensive Due Diligence: Background checks and in-depth assessments are conducted.
  3. Definitive Agreements: Preliminary terms from the Term Sheet are codified in definitive agreements.
  4. Board Approval: The final Park Tenant Agreement undergoes consideration by the RTPark Program Board of Directors.

Outcome

Successful completion of this stage culminates in the formal approval and establishment of a partnership within the RTPark community.

Stage 4: Network Membership application (4 Weeks)

Expanding Your Horizons

Once you become an active member of the RTPark Program, the Network Membership Application is the next step toward broader engagement. This stage encourages members to leverage the collective knowledge, resources, and opportunities within the RTPark network.

Key Steps:

  1. Application Submission: Members express interest in network membership by applying.
  2. Assessment and Approval: The RTPark Program evaluates the application for alignment with the network's goals.
  3. Integration into Network Activities: Approved members seamlessly integrate into network activities and collaborative initiatives.

Outcome:

Completing this stage enhances members' participation in a broader network, fostering collaboration and shared success.

Stage 5: Maintaining Ongoing Network Membership (15 Years)

Nurturing Long-Term Connections

Maintaining ongoing network membership is about sustaining meaningful connections, active participation, and continuous collaboration. This stage ensures members actively contribute to and benefit from the vibrant USVI RTPark community.

Key Steps:

  1. Active Engagement: Members participate in events, discussions, and collaborative projects within the network.
  2. Continuous Communication: Open channels for communication ensure members stay informed and connected.
  3. Resource Utilization: Leverage the network's resources for mutual growth and development.

Outcome:

Successful ongoing membership results in a robust and interconnected community, where members thrive collectively.

Stage 6: Maintaining Ongoing Network Membership (15 Years)

Graceful Transition

While we aim for long-term collaborations, we recognize that circumstances may lead to the conclusion of active membership. This stage emphasizes a transparent and respectful process for gracefully ending active participation.

Key Steps:

  1. Notice of Intent: Members provide advance notice of their intent to end active participation.
  2. Exit Consultation: A consultation to discuss reasons for departure and gather feedback.
  3. Transitional Support: Assistance with transitioning out of the network, ensuring minimal disruption

 

Learn more

For a detailed overview of the RTPark Program and the application process, please reach out to Siobhan Cioppa, Senior Manager of Business Development Operations and Compliance. Siobhan can provide comprehensive information, answer queries, and guide you through becoming an integral part of the RTPark network.

 

APPLY HERE!

Client Testimonials

Our firm, The RainTree Group, came into the UVI RT Park program in 2018.  We didn't have much experience in the USVI and followed the advice of the wonderful RT Park staff and other RT Park tenants.  The application process was transparent and straightforward.   The simple concept of the Park is mutual benefit - your company gets some tax incentives that allows you to grow your business more quickly and the USVI and UVI gets additional tax base, employment opportunities, and scholarships for deserving students.  The business environment and life in the USVI is slower paces and less stressful as the mainland, and without question the biggest business hurdle is communications, so find an office location where you have investigated the broadband options. Come and join us, you won't regret it!

James Salter, VosCom dba The RainTree Group

In January 2012 my business was underway as a Tech Park entity. It has been a wonderful seven years. The Tech Park has always been supportive, easy to do business with, and is making a positive impact on the islands. The Tech Park organization is professional and efficient. They have created a friendly business environment that has been a pleasure to work within and a great experience overall. I would encourage any eligible entity to consider joining us in the Tech Park.

Louise Stapleton, LNL Publishing

We have been part of the RT-Park program for almost three years now.  The application process was straight forward and we had plenty of dialogue and feedback prior to our approval.  My only regret is we didn’t do this sooner.  It is satisfying  knowing that we are partners with UVI and enabling the education of the next generation .  We also love living in the USVI.  People are warm and welcoming and the pace of life is amazing healthy.  Most days it feels like a working vacation.

Andy Hemmert, President , HRMT, LLC

There are many unique treasures to living here. I’ve discovered a passion for mountain biking. My children have learned to sail. With a small community, you get to know people quickly. We found they went out of their way to make us feel welcome. When considering the move, a top concern was the children’s education. We found a quality school our kids love, with a dedicated faculty. In fairness there is an adjustment period. You learn to navigate island life, master shipping logistics, get to know a new culture, and take in some of the most beautiful ocean views in the world.

David Thompson, Exigo