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jvcopeland
(@jvcopeland)
New Member

We are contemplating moving our software development company to STX to take advantage of the infrastructure, the labor pool and the tax breaks available. (oh yeah, and the sun and the Caribbean) Can anyone connect us with experienced advisors? I expect we'll need an attorney, a CPA and a business expediter. We'd also like to speak with any business owners who might be willing to share their insights.

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Topic starter Posted : August 28, 2013 11:07 am
Linda J
(@Linda_J)
Expert

You're coming to STX to "take advantage of the infrastructure"??? Please explain what you mean.

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Posted : August 28, 2013 11:50 am
speee1dy
(@speee1dy)
Expert

linda j, you took the words right out of my mouth

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Posted : August 28, 2013 12:02 pm
pt
 pt
(@pt)
Advanced Member

..."Infrastructure": the fiber-optic network construction in progress perhaps?

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Posted : August 28, 2013 12:06 pm
jvcopeland
(@jvcopeland)
New Member

Here's the article that spurred our interest: http://www.businessinsider.com/st-croix-is-paradise-for-remote-workers-2013-8

A couple of quotes from the article:

"Three of the Internet's biggest cables connect here: the Pan America Cross Cable, the South American Crossing cable, and the MAC or Mid-Atlantic Crossing cable.

That means this tiny island is sitting on top of more Internet bandwidth than, say, the city of New York, says George. But until recently, residents of the island couldn't tap into all that power. Most homes and small businesses didn't have high-speed Internet."

""By the end of this year, $300 million will be invested in the U.S. Virgin Islands by a number of entities, in terms of upgrading the infrastructure," says Bauer."

So I'm guessing that aforementioned "upgrading" is not something you're aware of. Perhaps more ideal than real?

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Topic starter Posted : August 28, 2013 12:11 pm
bathiel
(@bathiel)
Trusted Member

It's the real deal, and businesses like yours are exactly the types of companies this project was geared toward attracting. We need many like yours--those that can be done from anywhere--and I encourage you to pursue it. There are challenges, to be sure (the current situation with the territory's power and water company), but also many, many plusses.

Bernie

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Posted : August 28, 2013 12:23 pm
STXjill
(@stxjill)
Advanced Member

It's the real deal, and businesses like yours are exactly the types of companies this project was geared toward attracting. We need many like yours--those that can be done from anywhere--and I encourage you to pursue it. There are challenges, to be sure (the current situation with the territory's power and water company), but also many, many plusses.

Bernie

Thumbs up to that!

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Posted : August 28, 2013 12:28 pm
Bombi
(@Bombi)
Trusted Member

and look into the Economic development commission for free money

http://www.usvieda.org/

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Posted : August 28, 2013 12:41 pm
STXjill
(@stxjill)
Advanced Member

and also the Research & Technology Park ...

UVI Research & Technology Park

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Posted : August 28, 2013 12:58 pm
Linda J
(@Linda_J)
Expert

I hope and pray that this is all coming to pass. But I gotta tell you, if I had a business that NEEDED this infrastructure to operate, I'd wait until is was up and running before committing myself.

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Posted : August 28, 2013 5:30 pm
divinggirl
(@divinggirl)
Trusted Member

JV -Please don't listen to all the nay sayers (many of the them do not even live here anymore so don't know what is actually happening). The project is well under way - naturally things happen here on "island time" but I think this project is headed in the right direction. We really need businesses like yours to come to the island. That is why the EDC was created - to entice businesses here.

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Posted : August 28, 2013 5:37 pm
jvcopeland
(@jvcopeland)
New Member

We really appreciate the constructive advice and insights from you all. Thanks for taking the time.

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Topic starter Posted : August 28, 2013 10:32 pm
ikory
(@ikory)
Advanced Member

wow that is very exciting. i really enjoyed this read. Welcome and I hope you do decide to move the company here.

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Posted : August 28, 2013 11:13 pm
pilatesgal318
(@pilatesgal318)
Advanced Member

Look into every resource all of the above folks are referring to...it would be fantastic to have your company (and others) on STX. We hope things work out in your favor.

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Posted : August 29, 2013 1:12 am
ChrisMI
(@ChrisMI)
Advanced Member

Sent you a PM with attorney referrals. The RTPark is (which is an EDC program) what would best fit what you do, and the incentives in STX are the strongest.

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Posted : August 29, 2013 9:45 am
Linda J
(@Linda_J)
Expert

Divinggirl -- if you read my past posts you will see I am actually quite a cheerleader for STX and always have been. The advice to go slow is the advice I would give a relative or good friend. The OP has a lot to gain, but if it goes bad he also has a lot to lose. Island time being what it is, I can certainly imagine delays in getting this project on-line in more ways than one.

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Posted : August 29, 2013 10:22 am
speee1dy
(@speee1dy)
Expert

we all hope you and others bring your business to stx, we need it and so do the people here.

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Posted : August 29, 2013 12:05 pm
vicanuck
(@vicanuck)
Expert

My business would be delighted if your business came here! Come on down!

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Posted : August 29, 2013 12:14 pm
Bombi
(@Bombi)
Trusted Member

http://www.businessinsider.com/st-croix-is-paradise-for-remote-workers-2013-8

DREAM LIFE: How The Tropical Island Of St. Croix Is Paradise For Remote Tech Workers

Read more: http://www.businessinsider.com/st-croix-is-paradise-for-remote-workers-2013-8#ixzz2dOokCqPJ

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Posted : August 29, 2013 1:20 pm
LiquidFluoride
(@LiquidFluoride)
Trusted Member

I hope and pray that this is all coming to pass. But I gotta tell you, if I had a business that NEEDED this infrastructure to operate, I'd wait until is was up and running before committing myself.

what wrap up? those cables are HERE now, Level3 runs the big crossing & they sell circuits starting at 1Gbs, they have more bandwidth than anywhere in the states, just make sure you buy your circuits from the right guys (not local ISP's which are a HUGE RIP OFF)

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Posted : August 29, 2013 1:38 pm
vicanuck
(@vicanuck)
Expert

Who should we be approaching to buy circuits? PM me.

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Posted : August 29, 2013 9:54 pm
ikory
(@ikory)
Advanced Member

So are we saying with in the next year the public will start enjoying very fast high speed internet?

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Posted : August 29, 2013 11:37 pm
Alana33
(@alana33)
Expert

No.....the public will continue paying high prices while everyone who owns the companies get edc benefits and pay little to no taxes.
Someone has to pay. It won't be them.

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Posted : August 30, 2013 12:00 am
rosesisland
(@rosesisland)
Trusted Member

I believe the bottom line is, it could creat jobs here. With all the high prices and major taxes in California, it might be prudent for Silicon Valley folks to set up here. Right now some of their 2br/1/ba houses in that area selling for high 100's, like 700 and up. Just think of the house they could have here for that at this time on STX!

Alana, sorry I fell like saying this, but, why don't you just check your negativity at the door before you come here and post! Make several people happy. I believe you would discourage anyone from coming here. That's how I see you!

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Posted : August 30, 2013 1:45 am
Alana33
(@alana33)
Expert

Glad you see it that way. Truth hurts.

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Posted : August 30, 2013 1:46 am
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