Two New Businesses Seek EDC Approval to Establish Operations in USVI

Applications highlight promises of job creation, community contributions, and economic growth

On Tuesday, the Economic Development Commission met to consider two new applications from businesses looking to establish themselves in the territory.

First on the agenda was an application from TVCA USVI, LLP. The company is owned by Monte Koch, a private investor with decades of experience in the field. Having previously served as the head of mergers and acquisitions at Deutsche Bank, Mr. Koch also co-founded Auction.com, an online real estate company, along with several other appointments and partnerships along the way, all in the area of investment, private banking, and financial advising. He now serves on the Choice Hotels International board of directors and is also chairman emeritus of the National Business Aviation Association, on whose board he served for 18 years.