UVI RTPark Is Hiring!

RT Park Building

Special Announcements:

The Value and Contribution of the UVI RTPark to the US Virgin Islands
RTPark releases study quantifying value and contribution to the US Virgin Islands.

A comprehensive study commissioned by Governor Kenneth A. Mapp, convincingly shows the value that the RTPark program brings to the Territory by promoting growth and diversification of the US Virgin Islands’ economy. As the principal facilitator of engagement with the private sector, government of the USVI, and the University of the Virgin Islands, the RTPark program and its client businesses are giving back in meaningful ways. Their important contributions add to the quality of life for US Virgin Islanders by creating more jobs, developing educational opportunities, and supporting the local economy.

            

To learn more about "The Value and Contribution of the UVI RTPark to the US Virgin Islands," please download the Executive Summaryfull Technical Reportfull infographic, and Advocacy Brief.

UVI RTPark Program Concludes Three-Year Strategy With Strategic and Operational Success
The RTPark is a specialist economic development agency that works to bring investment to the United States Virgin Islands, by managing an incentive program and offering advisory and technical services. Over the years since enrolment of clients into the program, the organization has maintained a vibrant partnership with the private sector, the government of the USVI and the University of the Virgin Islands, while seeking to promote economic development and make social investments for the benefit of the United States Virgin Islands. At the end of 2017, despite the intervening natural disasters, the RTPark Program was able to end the year on a positive note.

The UVI RTPark December 2017 program update summarizes key achievements of the RTPark program for the years 2015-2017, giving data on operational performance and achievements against objectives.  These data show that there has been significant growth and the program adds value to the U.S. Virgin Islands.Growth Chart

The RTPark HQ has instituted a targeted and highly intelligent business development program designed for future growth and dynamism. This effort has identified under-explored sectors in areas where needs are plentiful and potential for disruption is great. Investment projects that are focused on quality are screened for their likelihood of fit with the US Virgin Islands. New targeted clusters and sectors include:

  • Health and medicine, including medical devices, personalized medicine applications, wellness and healthcare management.
  • Energy research and systems, including renewable and clean technology, energy efficiency, energy management.
  • Marine science-related products, devices, and services.
  • Sustainability solutions and systems

RTPark Client Network Listing Details of the RTPark clients are presented in the client network listing.

At the end of 2017, the network comprised fifty-two (52) client companies, engaged in varying activities as shown in the chart below. 

Business Segments of RTPark clients Source: UVI RTPark Program Client Database 2017

The growth of the RTPark network contributes to equity, improving quality of life and the well being of future generations as all clients are required to make legally binding commitments to the University of the Virgin Islands UVI. RTPark clients have supported UVI in a number of ways including: student engagement (internships, fellowships and volunteering), student scholarships, faculty engagement, joint research projects or curriculum advice, special projects, advice and operational assistance to UVI, gifts and endorsements, distinguished lectures, knowledge exchanges and employment programs for the US Virgin Islands and UVI graduates. The RTPark management and staff are placing considerable emphasis on assisting clients and UVI to execute against these commitments. Working with President Hall, the partnerships are deepening and providing significant support to the university’s academic and research mission, including through clients making pledges to the UVI Innovation Fund.

RTPark Program Brief – Guide to Doing Business
The program has a streamlined application process that allows for the Board to review and assess suitability of qualifying firms within a period of ninety days.

UVI RTPark Program Takes Action To Help Restore and Rebuild The U.S. Virgin Islands
The RTPark Program, working under the direction of the Board of Directors, is undertaking projects to support relief and recovery from the devastating effects of hurricanes Irma and Maria.

RTPark Stakeholders’ Workshop – Recovery, Renewal, Resilience
A special Recovery, Renewal and Resilience workshop was held on March 8, 2018 on the UVI St. Thomas Campus. Our primary goal was to bring together thought leaders and experts in disaster recovery, emergency management, business continuity and resilience planning to engage in an interactive dialogue with the community. There were many topics covered during the workshop and the presenters did an outstanding job of sharing their expertise. The workshop, which was jointly hosted by UVI RTPark, UVI College of Business and SEAT Caribbean, was targeted to business owners, professional associations, economic development agencies, government officials, UVI and community stakeholders.

The key outcomes of the workshop included: 

  • Several private sector companies including RTPark clients have committed to develop resilience service offerings that can be deployed before the next hurricane season; this will bring energy, pragmatism and expertise from the private sector to the disaster preparedness and resilience effort.
  • The human element of recovery remains critical, with an emphasis on continued positive intervention, trauma-informed counselling, and compassion to help heal communities under stress, as noted by Dr. Leslie-Anne Williams, founder of Healing Wings International Foundation. Project Promise, a St. Croix-based not for profit, briefed the group on what they have done since the hurricanes to assist at-risk youth.
  • There is a need for a new moderated communications forum to promote information exchange and forge partnerships across different segments of society to tackle the challenge of resiliency, as presented by Justin Moorhead of Virgin Islands Capital Resources Inc.

 Materials produced at the conference are available here.

Presentations:
Gabriel Thoumi: Director Capital Markets, Climate Advisors
Rosemary Jones: Chief Client Officer, ICMC
Justin Moorhead: Managing Director, Virgin Islands Capital Resources Inc.
Dina Leroy: Chief Operating Officer, USVI Hurricane Recovery and Resilience Task Force
David Bornn: Founder, DRI Downtown Revitalization Inc.  

Major Donation Appeal
The RTPark program hosts a donation platform in cooperation with the Fund for The Virgin Islands - set up by the Community Foundation of the Virgin Islands, (CFVI), a 501(c)(3) organization. All donations are tax-deductible and one hundred percent of all contributions from our RTPark clients, stakeholders, friends, and members of our community will be presented directly to this Fund via our RTPark Rebuild USVI campaign appeal. Monies raised will be used to support the needs of Virgin Islanders. To make a contribution to help those impacted by this natural disaster, you can donate by clicking here. You can also follow us on Facebook at UVI Research and Technology Park or on Twitter @UVI_RTPark.

Gaming for Good – “Game On” for Hurricane Relief in the US Virgin Islands
With support from UVI RTPark, Arcade Distillery will develop a digital fundraiser in the form of an online game focused on recovery and rebuilding initiatives. The company will donate 100 percent of its profits from the game to relief efforts. This partnership will bring a dynamic edge to community engagement and attract young Virgin Islanders. Special offerings for sponsors of the game include opportunities to showcase sponsor’s logo through brand placement, appear as an avatar in the game, and earn a listing in the credits.

Contacts: UVI RTPark: ezall@longviewstrategies.com; Arcade Distillery - socialimpact@arcadedistillery.com.

RTPark and Arcade Distillery look forward to engaging with sponsors, donors, and the community as they rollout the project in 2018. For more information on the Arcade Distillery organization, visit: www.arcadedistillery.com


About/Vision/Mission
The University of the Virgin Islands (UVI) Research and Technology Park (RTPark) is a specialist economic development program that is designed to bring investment to the United States Virgin Islands by managing an incentive program and offering other advisory and technical services. It is a partnership between the private sector, the government of the US Virgin Islands and the University of the Virgin Islands. The goal of the RTPark is to successfully establish the U.S. Virgin Islands as a premier business destination of choice for firms in knowledge and technology-intensive sectors, or knowledge-based businesses1.

The core value proposition that the RTPark presents to potential investors is three-fold: tax incentives; the lifestyle of an island paradise; and the opportunity to contribute to improving the quality of life in a community small enough for the activities of a single firm to make a difference. The RTPark program presents the US Virgin Islands as an investment destination that provides access to affordable, reliable, world-class technological infrastructure; a sound legal framework that is favorable to inward investment; and impeccable governance systems that are business friendly. The RTPark was established in 2002 and successfully attracted its first commercial client in 2006. In 2013, the RTPark Program built and occupied the 64 West Center, located on the Albert A. Sheen campus of UVI in St Croix, US Virgin Islands, using it as its headquarters. As a result of severe damage, the headquarters is temporarily relocated to downtown Christiansted.

Firms doing business in the US Virgin Islands have access to Tier 1 Internet connectivity through undersea cables on the Northwest tip of St Croix. This effort has identified under-explored sectors in areas where needs are plentiful and the potential for disruption is great. Investment projects that are focused on quality are screened for their likelihood of fit with the US Virgin Islands. These factors all contribute to making the US Virgin Islands a very attractive destination for technology and knowledge-based firms.

The RTPark program’s focus is on facilitating long-term value and catalyzing investments that are beneficial to society.  We intend to move in line with global trends that have seen an increase in impact investment - private sector investment that is equally concerned with optimizing private and social returns. Targeting and attracting impact investors to the US Virgin Islands is a key strategy for the RTPark program. 


1 The term is defined in VIC Title 17, Chapter 34, Section 482, and includes research businesses, information technology businesses, e-commerce businesses, electronic hosting facilities, agricultural research, and electronics businesses and other knowledge-based businesses.



Recruitment Campaign 2018

The RTPark program HQ core team is looking for accomplished professionals.
The RTPark Corporation is a specialist economic development agency and we are looking for candidates, in a variety of roles, to join our high-performance team, including: 

To apply, please submit application materials (CV/resume and cover letter), along with the completed Application for Employment form via email to careers@uvirtpark.net.  The title of the position should be put in the subject line of the email.

Salaries at the RTPark program are competitive and commensurate with experience. The RTPark provides eligible employees with a comprehensive benefits package. 

Closing date for submissions has been extended to Monday July 9, 2018.