Virgin Islands Economic Development Authority

The Virgin Islands Economic Development Authority (VIEDA) is a government agency that promotes economic growth in the U.S. Virgin Islands. It offers incentives like tax breaks to attract new businesses and support existing ones, aiming to create jobs and enhance the territory's economy. VIEDA also provides assistance with business loans and grants, as well as guidance for entrepreneurs. By fostering a favorable business environment, the agency seeks to stimulate investment and development within the islands, benefiting the local community and economy.