Lt. Gov. Gregory R. Francis

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OFFICIAL RELEASE

Press Release No. 038
Date: September 11, 2003
Contact: Sandra Brunet / 774-2991

LIEUTENANT GOVERNOR VARGRAVE RICHARDS REPORTS THAT DEPARTMENT OF THE INTERIOR'S INVESTMENT CONFERENCE OFFERED HIGHLY OPTIMISTIC OPPORTUNITIES

Lieutenant Governor Vargrave Richards reported while still in the nation's capital that the Department of the Interior's Investment Development Conference offered an unprecedented opportunity for interaction with companies and individuals interested in relocating and growing their businesses in the Territory, and especially on St. Croix.

Further, Richards explained that both segments of the conference - the investment portion, as well as the day of meetings with DOI and other federal officials during the presentation before the Interagency Group on Insular Areas (IGIA) - gave the Governor and himself the chance to discuss critical and urgent matters necessary to the well-being of the Virgin Islands.

The Lieutenant Governor reported that the shared discussions between Secretary of the Interior Gale Norton, Governor Charles Turnbull and himself were optimistic regarding the Territory's chances for forward movement on a number of issues critical to the advancement of the financial health of the Territory.

Richards shared that he also had the opportunity to meet personally with Secretary Norton on specific issues related to St. Croix's economic recovery and to the development and expansion of St. Croix's national parks and historic sites. Points of discussion included:
" the proposed cooperative agreement on Salt River Bay National Historic Park and Ecological Preserve;
" the request for additional funding for the Fort in Christiansted and Buck Island to engage tour guides, rangers and interpreters;
" the securing of funding to expand Sandy Point into a full-scale recreational facility;
" the request for assistance in the development of a Slave Museum;
" support and assistance for the Alexander Hamilton National Historic Site to commemorate Hamilton's contribution to the territory and to mark the 200th anniversary of Hamilton's death in the Year 2004. Assistance has been requested to sponsor a symposium to honor Hamilton;
" the request for assistance in obtaining federal funds for a "biking path" such as those in the States.

Additionally, Lieutenant Governor Richards stated that he was extremely pleased with the consensus reached as a result of a discussion focused on "Economic Investment in the Territories: Making It Work for Children, Youth and Families.," which he hosted and led. The session took place during the investment portion of the DOI Conference and included approximately 30 participants of potential investors, policy makers and business community representatives who shared in a frank discussion of the role of new investors and EDC beneficiaries in helping to build strong communities

Business participants shared their willingness to assist by lending professional expertise and talent and financial resources to buttress the development of neighborhoods and communities. They also shared a willingness to lobby congressmen and representatives from their former communities to bring greater assistance and voice to the Territories' challenges.

Richards challenged attendees (EDC beneficiaries) to join him in developing a strategy and plan to address a long standing disparity between the States and the differential treatment and funding allocations for the Territories.

Richards said he was "particularly pleased to meet, along with Governor Turnbull, a strong advocate/lobbyist who has offered to assist the Territory in seeking a resolution for increasing the amount of rebate owed to the Territory regarding the Medicaid cap. A suggested strategy is to look toward the use of Tennessee as a model."

In conclusion, Lieutenant Governor Richards summarized: "The conference was successful in its intent to draw attention to the myriad of challenges facing the Territories, and moreover, to open the channels for future investment opportunities - especially on St. Croix. The conference covered many vital areas needing assistance and attention. I was especially heartened by the reception we received by Secretary Norton, her staff and other federal officials who clearly demonstrated their willingness and intent to listen, help and structure opportunities to move the Territories forward.

"I believe we were presented with a golden opportunity to share the Virgin Islands' concerns and I am indeed optimistic that we will reap tangible benefits in the long run. Additionally, I believe that it is critical that we continue to work with the Department of Interior to follow up on the points discussed during the conference. Essential to this will be the sustaining of dialogue with the Department of Interior, and with fostering collaborative relationships with the other Territories."

 


 
 
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