{"id":31879,"date":"2015-11-25T21:22:43","date_gmt":"2015-11-25T21:22:43","guid":{"rendered":"https:\/\/viconsortium.com\/?p=31879"},"modified":"2015-11-25T21:22:43","modified_gmt":"2015-11-25T21:22:43","slug":"mapp-approves-eda-applicant-denies-two","status":"publish","type":"post","link":"http:\/\/wp.viconsortium.com\/?p=31879","title":{"rendered":"Mapp Approves EDA Applicant, Denies Two"},"content":{"rendered":"<p class=\"\">ST. THOMAS &#8212; Governor Kenneth Mapp reviewed the applications of three companies seeking Economic Development Authority (EDA) benefits this week, approving one while denying two, a press release Government House issued this afternoon has made known.<\/p>\n<p class=\"\">In a decision handed down on Tuesday,\u00a0the governor approved tax benefits to Spectrum Engineering, Inc.<\/p>\n<p class=\"\">According to a blurb on the company&#8217;s <span style=\"color: #3366ff;\"><a style=\"color: #3366ff;\" href=\"http:\/\/www.spectrumengineeringinc.com\/\" target=\"_blank\">website<\/a><\/span>, &#8220;Spectrum Engineering provides comprehensive services in the areas of environmental, civil, process, mechanical, and structural engineering. From environmental reporting and conceptual planning to total turn-key project delivery which includes system design, regulatory permitting, construction management, start-up and employee training, we offer a complete package.&#8221;<\/p>\n<p class=\"\">However, today, the governor denied benefits to Leeward Capital Corporation and Perpetual Motion Management, LLC.<b class=\"\"> <\/b><\/p>\n<p class=\"\"><span class=\"\">\u201c<\/span><span class=\"\" lang=\"EN-CARRIBEAN\">In reviewing the applications it was clear to me that both Leeward\u2019s and Perpetual Motion\u2019s applications do not adequately meet the appropriate ratio of investment in our economy for an award of tax holidays as outlined in the vision and purpose of our tax incentive program.\u00a0 If I were to approve the benefits, the applicants would receive benefits that would far outweigh the levels of investment in our economy,&#8221; Mr. Mapp said.<\/span><\/p>\n<p class=\"\">A quick search for Leeward Capital produces a top result of a website that has been <span style=\"color: #3366ff;\"><a style=\"color: #3366ff;\" href=\"http:\/\/www.leewardcapital.com\/\" target=\"_blank\">listed for sale<\/a><\/span>, and Perpetual Motion&#8217;s website, at the time of writing, <span style=\"color: #3366ff;\"><a style=\"color: #3366ff;\" href=\"http:\/\/www.perpetualmotionnw.com\/\" target=\"_blank\">did not include<\/a><\/span> an &#8220;About Us&#8221; page that clearly defines the firm&#8217;s vision.<\/p>\n<p class=\"\"><span class=\"\" lang=\"EN-CARRIBEAN\">Decision letters were sent to Wayne Biggs, acting chief executive officer of the EDA,\u00a0<\/span><span style=\"line-height: 1.5;\">for the appropriate action.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>ST. THOMAS &#8212; Governor Kenneth Mapp reviewed the applications of three companies seeking Economic Development Authority (EDA) benefits this week, approving one while denying two, a press release Government House issued this afternoon has made known. In a decision handed down on Tuesday,\u00a0the governor approved tax benefits to Spectrum Engineering, Inc. According to a blurb [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":28818,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3,191,147],"tags":[3963,1055,121],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Mapp Approves EDA Applicant, Denies Two - V.I. Consortium<\/title>\n<meta name=\"description\" content=\"Find Virgin Islands new, opinion, politics, lifestyle, business and more\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/wp.viconsortium.com\/?p=31879\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ernice Gilbert\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"http:\/\/wp.viconsortium.com\/?p=31879\",\"url\":\"http:\/\/wp.viconsortium.com\/?p=31879\",\"name\":\"Mapp Approves EDA Applicant, Denies Two - V.I. 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I've been the Editor-In-Chief at my videogames website, Gamesthirst, for over 5 years, writing over 7,000 articles and more than 2 million words. I'm also very passionate about where I live, the United States Virgin Islands, and I'm intent on making it a better place by being resourceful and keeping our leaders honest. VI Consortium was birthed out of said desire, hopefully my efforts bear fruit. Reach me at ernice@viconsortium.com.\",\"sameAs\":[\"http:\/\/ernicegilbert.com\/\"],\"url\":\"http:\/\/wp.viconsortium.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Mapp Approves EDA Applicant, Denies Two - V.I. 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