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 our creative team (Friedman, Piercy, Jennings).
Original Concept 2022:
- Pay off the USVI Municipal Bond Debt
$ 2.0 billion.
- Pay off the USVI GERS underfunded
pension debt $ 4.0 billion.
- Relocate 500 companies to St. Croix
and diversify the economy.
- Bring $ 300.0 million in SPENDING to
St. Croix via company relocations.
- Pay off U.S. Territory debt: $ 50.0 billion over ten years if the pilot is successful.
2022 Pilot Initiative: 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 Initiative: Relocate 500 international companies to the USVI annually via the USVI incentive program. Support $ 300.0 million in annual spending via 500 company relocations.
2022 USVI Government: Regrettably, the U.S. Virgin Islands declined to endorse the proposal.
2025 Concept Validation: In March of 2025, President Trump implemented the GOLD CARD initiative to pay down the U.S. Federal debt, which validated our original concept (U.S. Territory bond debt payoff via selling EB5 green cards).
2025 Next Step: Building on President Trump's new program, the creative team updated the concept and reintroduced the initiative to USVI, Puerto Rico, Guam, American Samoa, and CNMI.
Thank you, Mr. Trump, Mr. Paulson, and Mr. Lutnick...GREAT IDEA!