EZC Approves Tax Exemptions and Expansion Plans for Local Bakery in St. Croix
In the Mix Cakery LLC granted 100% tax exemptions for 20 years as part of a strategic plan to boost production and export capabilities; the local bakery, owned by a St. Croix native, will expand operations with a five-year lease agreement
2024-10-11 17:34:00 - VI News Staff
The Enterprise Zone Commission (EZC) has approved tax exemptions for In the Mix Cakery LLC, a locally owned bakery, as the first business to qualify under the South Shore Trade Zone initiative. The decision, finalized during the EZC’s meeting on Thursday, grants the bakery a 100 percent tax exemption on authorized benefits for a period of 20 years.
In the Mix Cakery LLC has outlined a plan to expand its operations, promising to create employment opportunities in the community. In its first year, the bakery plans to employ five full-time staff members, including two owners and one paid apprentice. By the second year, staffing is projected to increase to seven full-time employees, and by the third year, the business aims to have ten full-time staff, all while continuing its apprenticeship program.
The bakery has also committed to providing life and health insurance, paid time off for its employees, and a $2,500 annual donation to local nonprofits on St. Croix as part of its community support efforts. After deliberations in an executive session, the EZC board returned to unanimously approve the application for In the Mix, solidifying its support for the bakery’s expansion.