About US Territory EB5 Initiative
Our Vision To Reduce U.S. Territory Bond Debt
In 2022, The creative team presented the U.S. Territory EB5 - Economic Development Initiative to the U.S. Virgin Islands (USVI). The meeting was arranged by Peter Chapman, RT Park USVI, and the following offer presented to the Govenor's team (Creative Team: Friedman, Piercy, Jennings).
Original Concept 2022:
Pay off USVI Municipal Bond Debt $ 2.0 billion.
Pay off USVI GERS underfunded pension debt $ 4.0 billion.
Relocate 500 companies to St. Croix and diversify the economy.
Pay off U.S. Territory debt: $ 50.0 billion if the pilot is successful.
2022 Pilot Project: Organize and sell 1,000 U.S. Permanent Residency Cards (EB5 Green Card) annually and pay down $ 700.0 million in USVI municipal bond debt and underfunded GERS pension debt.
2022 Pilot Project: Relocate 500 international companies to USVI annually via the RT Park incentive program.
2022 USVI Government: Regrettably, the U.S. Virgin Islands declined to endorse the proposal.
Concept Validation: In January 2025 President Trump implemented the GOLD CARD initiative to pay down the U.S. Federal debt, it validated our original concept (U.S. Territory bond debt pay off via selling EB5 green cards).
Next Step: Based on the new program by President Trump, the creative team updated the concept and re-introduced the initiative.
Thank you, Mr. Trump, Mr. Paulson, and Mr. Lutnick...GREAT IDEA!