St. Croix Economic Development Initiative (SEDI), a macroeconomic and public policy think tank.
St. Croix, United States Virgin Islands. The Genesis of the American Vision and the Creation of Modern America - St. Croix is the Boyhood Home of Alexander Hamilton, the most profound visionary and celebrated founding father of the United States of America and the First US Treasury Secretary. Alexander Hamilton credited St. Croix as his most formative years that help to mold and shape him into the man he became. In August 1772, a hurricane ravaged the West Indies—and a young Alexander Hamilton picked up a pen to write about it. The resulting letter would inspire the residents of the island where Hamilton lived to pool their money for a scholarship to send him to the future United States of America … and into the history books. US Treasury creation of the Opportunity Zone/Fund will be an invaluable asset resource in assisting in the rebuilding of the USVI in the aftermath and disaster recovery of the unprecedented hurricanes Irma and Maria.
SEDI VISION 2020 INVEST: USVI - Making the CASE
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For Immediate Release
SEDI Announces $1.5 Billion Invest: USVI & Capital Market Fund and Project Initiative. Press Conference & Summit will be held on Friday, April 26, 2019
The St. Croix Economic Development Initiative (SEDI), a macroeconomic and public policy think tank based in St. Croix, US Virgin Islands (USVI), is pleased to announce its $1.5 Billion Invest: USVI & Capital Market Fund and Project Initiative in partnership US HART/Land Matters Opportunity Zone Black Capitalism Fund, in conjunction with its SEDI VISION 2020, an economic development plan to develop, build and foster its economic agenda for closer and stronger economic integration of the USVI with the rest of the Caribbean, the Americas and global marketplace regionally. One of SEDI's major initiative is the development and implementation of a new ecosystem model called the Caribbean-Americas Single Economy (CASE). The making of the CASE calls for two very critical components, the application of blockchain technology and the deployment of capital in the US Virgin Islands and throughout the region via an exchange (CaseX). SEDI is a principal strategic partner in the establishment and creation of a $5 Billion Black Capitalism Fund comprising of Atlantic City, New Jersey, Baltimore, Maryland, North Carolina, Washington DC, and the US Virgin Islands. The $1.5 Billion Invest: USVI Capital Market Initiative will not only fund the various SEDI industries sectors and project initiatives, but will also be an essential source of funds for real estate development projects, and infrastructure rebuild both in the private and public sectors that are critically needed in the US Territories. The SEDI Invest: USVI Capital Market Initiative will have a significant impact on the USVI lack of a robust private sector capital market system.
Foreign Direct Investment (FDI) flows to Latin America and the Caribbean rose 8% to reach $151 billion, lifted by the region’s economic recovery, according to UNCTAD’s World Investment Report 2018. "The USVI every year is conspicuously absent from the market opportunities for Foreign Direct Investment (FDI) in the region. The Caribbean region has benefited from Foreign Direct Investments of $5-6 billion annually since 2015, and the USVI needs to position itself to carve out its fair share of FDI, but must do so with the right financial mechanism, instruments and investment policy incentives. SEDI's Invest: USVI Capital Market Initiative will be an important conduit and investment vehicle to attract FDI. Base on our early estimates in discussion with our FDI investment partners, we anticipate and envision a $100 million per year FDI market opportunity over a ten (10) year period for the USVI, and can increase exponentially thereafter" stated SEDI's Managing Director Anthony Weeks.
A $3 million equity investment first tranche Letter of Intent (LOI) has been secured for US HART/Land Matters/SEDI Opportunity Zone Black Capital Fund (OZBCF) planned Urban Redevelopment and Revitalization of the two (2) downtown district of Christiansted and Frederiksted. This will be a combined mixed-use real estate development of housing and commercial properties.
Our US-HART – SEDI-OZ collaborative plans are to focus on:
A press conference and summit will be held on Friday, April 26, 2019, to introduce and meet SEDI's Invest: USVI & Capital Market and Opportunity Zone Investment Partners.
To learn more about SEDI's new strategic partner US-HART & Capital Partners click on these links https://opportunityzonesblackcapitalismfund.com/ & https://landmattersoz.com/ under the $100 Billion Opportunity Zone designation, to establish a $5 billion Black Capitalism Fund in the designated states/cities/USVI (please see attached document). To RSVP, register or additional information please contact Mr. Anthony Weeks at (914) 574-1213 and at firstname.lastname@example.org. Press Conference is at 10am, Summit will start 11am (both press conference and summit will be held at USVI EDA William D. Roebuck Industrial Park Conference Room. The meet and greet will take place at 5:30pm at the King's Alley Hotel meeting and reception room on second floor, downtown Christiansted, St. Croix.
Coming Soon... SEDI Asia Pacific Trade Office (Taiwan) and the Alexander Hamilton Opportunity Fund. Are you looking to do business in the Asian Pacific? We Can Assist. Checkout The Marketplace on How to Do Business in Asia. Click Here