(a) Any applicant for economic development benefits proposing to employ persons who are not residents of the Virgin Islands shall, at the time of filing his application for benefits, submit to the Commissioner of Labor a comprehensive plan for the establishment and conduct of an occupational training program for the purpose of adequately training resident employees in the skills necessary for their employment by the applicant. The training program shall be approved and monitored pursuant to rules and regulations promulgated by the Commissioner of Labor.
(b) An employee who is engaged in training pursuant to this subchapter shall receive at least the minimum wage prescribed by law for trainees or apprentices.
(c) Any beneficiary who employs one (1) or more persons who are not residents of the Virgin Islands, other than a beneficiary who contributes to the Territorial Scholarship Fund in accordance with section 710, subsection (b) of this subchapter, shall establish and fund a training program in conformity with the comprehensive plan required under subsection (a) of this section.