STX Home Depot soon come?

"the territory gave up $155 million in taxes that would have been paid if the companies had set up shop in the territory without the tax program"

Let's be clear, the territiry gave up zero because none of these companies would be here if the program didn't exist in the first place. Perhaps we should send our elected representatives to a remedial mathematics class.

So, if a supplier as large as Home Depot comes here, does it change shipping costs for everyone else. In other words, if there is more shipping of goods to the island, does it lower the cost of shipping things? Can Home Depot, Walmart, grocery stores, etc all pool together to get cheaper shipping?

"the territory gave up $155 million in taxes that would have been paid if the companies had set up shop in the territory without the tax program"

Let's be clear, the territiry gave up zero because none of these companies would be here if the program didn't exist in the first place. Perhaps we should send our elected representatives to a remedial mathematics class.
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That is true with the new rum factory but Home Depot might have come anyway to sell and make money. You would expect them to ask for a tax break.
In Scottsdale,AZ, the city gives many retailers a tax incentive to build in Scottsdale. However ther the retailer can just go a few blocks west into Phoenix like Penske did with his "Scottsdale Auto Complex" that houses about nine different dealerships. This was because Phoenix gave him better tax incentives.
Or they can go east a few blocks onto the Pima Indian reservation to the "Scottsdale Pavallions" where there is a major shopping area that Scottsdale didn't want because of traffic concerns. Now they have to deal with all of the traffic issues and no tax base.

However here the retailer can't just go a few blocks a get a better tax break.

I believe he was talking about the EDC program as a whole, not home depot alone. There are very few EDC companies that would come here if not for the tax breaks. There are some companies that had been here historically that were granted tax breaks after having been here for a while (check who owns certain shopping centers on STT and what EDC benefits they have).

Regarding home depot I'm surprised that they will come here. Unless we have major developements, I'd be hard pressed to understand how they'll make $ off of our 55,000 population that is served by a variety of hardware stores already and where we can already have blackhawk ship stuff from the St. Thomas store. But since I haven't seen the financial projections I really don't know.

You really don't want to ship from stt or pr home depot. Both are high. Its much cheaper to ship from Miami.

Haven't the powers that be been saying "soon come" for years? I suspect the pols are posturing in preparation for the next election, and will be very surprised if HD comes to STX anytime soon.

Soon Come indeed. We cruzans will believe it when we see it built!. let's see.... Robin's Bay, Golden Gaming, William and Punch, Home Depot..........sure................ they'll all be built............soon come indeed.....LOL

Our experience has been different. We've ordered from the SJU HDs, 2 or 3 different ones, both in person and over the phone, and find the pricing, at least on what we buy, to be the same as or very close to stateside. You can look on the website and see what's in stock and the pricing. They deliver to the dock, sometimes the same day, and the shipping with Water Spirit has been cheap. We tried to do the same with the STT store, and found that impossible.

Beachy - that is awesome to know. Thanks for the tip!

Gee, I not only believe that they soon come, I'll be camping out in the field holding my breath for the screws that I need for a project. LOL

Don`t remember the name of hardware store STX has accross the street from the mall...
I think it`s better than HD.
The people who work there, know their sections/products well.
When HD first arrived in STT, we marveled!
Now, it`s known as Island Depot!
When they have the 2X lumber, they don`t have 2X fasteners.
When they Have 2X fasteners, they don`t have 2X lumber.
When they have 3/4PVC, they don`t have the fittings.
When they have 3/4 fittings, they don`t have the PVC.
You get the idea!

Last year they had 19/32 sockets on clearance, 100`s of them!
I`ve been using hand tools for over 40 years, I`ve NEVER used a 19/32 sized tool!
We used to see these sockets when I was a kid, I suspect they may have been used during or before WW2.

Who does the ordering there???

Dun,
It's called Caribe Do It Center.

I much prefer Gallows Bay Hardware, particularly when you factor in the garden center, appliance store, plumbing showroom. The people working at GB are, in my opinion, the absolute BEST customer service employees on island!! You have to really compare prices, but I find Caribe to generally be higher than GB.

I am keeping my fingers crossed for Home Depot, though. It will certainly be a welcome addition!

both stores are frequently out of stock on a lot of items. I bought every 4-1/2 x 1/2 inch wedge anchor on island. Hopefully when and if HD comes we will be able to get what we need.

I don't know who orders for Home Depot but I wonder if it's the same stateside corporate BS that Office Max goes through. The first manager at Office Max was married to a woman who worked for me. He quit in frustration because "Corporate" wouldn't send him what was needed or wanted here but they decided what to stock (and that included a lot of discontinued crap.) I've worked for a differnt large stateside corporation with many layers of departments & buyers & I also quit in frustration because dealing with them was worse than dealing with ANY government office in the VI.

I have to chuckle at Kmart. A few years ago they had jackets and sweaters with fake fur trim...and recently I found outside faucet insulators to keep your spigots from freezing. A whole stack of them displayed openly, taking up space, but of course, I couldn't find a garden hose! Every once in a while, just for giggles, I check, and yes...they still have the insulators on display.

I believe the faucet insulators are on permanent display, to help fill the abundance of empty shelves. 😀

Yes, Kmart seasonal items!
I remember the lock de-icer, the coats, gloves, scarves & goolashes<<(not sure of the spelling, or if they even still use this term).
Ah, but Home Depot has/had Snow shovels!
I remember Kmart stops selling Charcoal(BC in December, it is much too cold for a BBQ)!
When I asked the manager, they told me that`s a seasonal item!
I explained, I know I`m weird, but I BBQ on the beach even in the winter!

The manager sensing sarcasm, told me Kmart sends these seasonal trailers, there is nothing they can do!

Dem Martha Steward thief I!

Which just proves my point about how idiotic corporate America can be about retail outlets down here.