The University of the Virgin Islands Research and Technology Park (RTPark)[1] is the first independent research and e-technology park located in the U.S. Virgin Islands (USVI).
RTPark was launched in 2002, under the legislature of Title 17, Chapters 34 and 43 of the U.S. Virgin Islands Code.,[2] It was the first government-sponsored public-private collaboration for technology development in the USVI.
[3] It was launched following a feasibility study and public input forums.
After considering the reports from the study and forum, Governor Charles Wesley Turnbull[4] signed Act 6502 to establish RTPark in 2002.
As part of RTPark's legislative charter, tax incentives can be extended to knowledge-based businesses that apply and are approved as RTPark tenants.