University of the Virgin Islands Research and Technology Park

The University of the Virgin Islands Research and Technology Park (RTPark) ^[1] is the first independent research and e-technology park located in the U.S. Virgin Islands (USVI).^[2] Launched in 2002, RTPark is the first government-sponsored public-private collaboration for technology development in the USVI. It was formed as a public corporation by the government of the U.S. Virgin Islands and is headquartered on the St. Croix ^[3] campus of the University of the Virgin Islands.^[4] The goal of the RTPark is to develop the USVI technology community to generate long-term economic growth in the islands, by serving as a center for e-commerce and technology for transaction-oriented, knowledge-based businesses.

History

Following a feasibility study and public input forums, the Governor of the U.S. Virgin Islands ^[5] signed Act 6502 to establish RTPark in 2002. Created as a public corporation, it was formed to encourage growth in both economic development and technology for the USVI. Via a Protected Cell Corporation function as part of RTPark’s legislative charter, tax incentives can be extended to knowledge-based businesses that apply and are approved as RTPark tenants. The legislation for RTPark can be found in Title 17, Chapters 34 and 43 of the U.S. Virgin Islands Code.^[6]

Management and governance

The Executive Director, David Zumwalt, manages day-to-day operations and reports to a seven-member Board of Directors. Board members include:

The Chair of the University of the Virgin Islands (UVI) Board of Trustees ^[7]

The President of UVI

Two additional UVI Board of Trustee members

Three members appointed by the Governor of the U.S. Virgin Islands

Technology and business offerings

The park offers two main categories of offerings for tenants: 1) E-commerce and technology services and 2) business operation and tax benefits.

E-commerce and technology services can include:

Co-location data centers

Web hosting ^[8]

Tier-1 connectivity

E-commerce payment and transaction processing

Electronic data interchange and digital supply transactions

Related data communication services including e-mail, document management, voice and data transmission

Database services and products

Online services including telecommuting, telemedicine, education and information research

Business operation and tax benefits can include:

Intellectual property rights ^[9] under the protection of the United States

Protections under U.S. federal laws ^[10] the same as operating in the United States

Corporate tax incentives

Research and development services including public/private collaboration and intellectual property licensing

Business incubation services for startups and emerging companies

Business center services with access to trained workers that can provide customer support, data entry and record management, digital content authoring and publishing, and software development

Facilities and providers

High capacity broadband connectivity and collocation space is available via the USVI global subsea Tier-1 fiber network switching facilities of AT&T^[11] and Level 3 (previously Global Crossing),^[12] which operate hubs on St. Thomas and St. Croix.

Managed services (including collocation and data center services) as well as global connectivity provisioning, billing and other support are available via Adveniat,^[13] a local subsidiary of Baltimore Technology Park.

RTPark also has an alliance with JetPay.^[14] JetPay can provide “card not present” transaction processing services for merchants, as well as related bankcard processing services.

References

External links

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