Category: Business News

FEMA Awards Public Works $11.6M To Refurbish Offices on St. Croix and St. John

CHRISTIANSTED — The Office of Disaster Recovery said that the Federal Emergency Management Agency through its Public Assistance Program has approved $11,607,385 to refurbish the Virgin Islands Department of Public Works (DPW) Anna’s Hope Compound on St. Croix and their office building on St. John. Several areas on the St. Croix grounds sustained irreparable damage during […]

U.S. News & World Report Ranks St. Lucia No. 1 In Caribbean Travel Destinations

WASHINGTON — U.S. News & World Report has ranked the U.S. and British Virgin Islands among its Top 5 of 17 Best Places to Visit in the Caribbean. The annual report awarded St. Lucia the No. 1 spot, followed by the British Virgin Islands, Turks and Caicos, and U.S. Virgin Islands. The BVI, which was […]

Governor Bryan Parlays With New FEMA Administrator At Government House

CHRISTIANSTED — Governor Albert Bryan met at Government House in St. Croix on Friday with Federal Emergency Management Agency (FEMA) Administrator Deanne Criswell, who was sworn-in in April by Congress following President Biden’s nomination to the position. The Governor congratulated Administrator Criswell on her new position and told her he is looking forward to working with the […]

Governor Bryan Submits First Ever 2-Year Executive Budget, Revenues Projected to Increase For Fiscal Years 2022 and 2023

CHARLOTTE AMALIE — Governor Albert Bryan has submitted to the 34th Legislature the first ever two-year Executive Budget and said revenue projections continue to increase during the next two years, providing an optimistic outlook for Fiscal Years 2022 and 2023. Also included in the balanced budgets for both years are a number of highlights: Wage increases for […]

If You Like To ‘People Watch,’ You Might Consider Hanging Out At Airport Today

CHARLOTTE AMALIE — If you like to “people watch” this Memorial Day holiday, then you might consider hanging out at the Cyril E. King Airport in St. Thomas this weekend. Long lines of people waiting to make their connections to the U.S. mainland stretched from one end of the St. Thomas airport to the other […]

BROWSING IS BACK! St. Thomas Historic District To Remain Open To 8PM Fridays

CHARLOTTE AMALIE — You can shop and dine in downtown St. Thomas until 8 p.m. every Friday night starting tomorrow, officials said. “The Downtown Historic District is a great place to browse for gifts and souvenirs, get a bite to eat or sip a cold drink,” the Virgin Islands Department of Tourism said on its […]

VIPA Celebrates CEK Expansion Project With Groundbreaking At Airport

CHARLOTTE AMALIE — Governor Albert Bryan, Virgin Islands Port Authority Director Carlton Dowe, USVI Tourism Commissioner Joseph Boschulte and other officials broke ground to commemorate the start of Phase One of the Cyril E. King Airport Terminal Expansion and Modernization Project. Phase One includes the Parking and Transportation Center that will hold 600 parking spaces […]

Fitch Says Possibility of WAPA Oversight Board Keeps Sinking Utility’s Bond Rate

CHARLOTTE AMALIE — Following 34th Legislature’s approval of Bill No. 34-0021, which sought to assign a “turnaround” company to oversee the Virgin Islands Water and Power Authority Board, the Fitch Ratings service on Monday issued a statement that the bond market does not want to upgrade WAPA’s rating because of the possibility of additional oversight. Bill […]

Arthur Richards To Merge With Eulalie Rivera And John Woodson Junior High

FREDERIKSTED — In virtual meetings held for parents of Arthur A. Richards K-8 School and Claude O. Markoe Elementary School on Tuesday, St. Croix District Superintendent Carlos McGregor announced that Arthur A. Richards will merge with Eulalie R. Rivera K-8 and John H. Woodson Jr. High schools for the 2021-2022 school year. The decision to […]

Bureau of Economic Analysis Releases 2019 Gross Domestic Product Estimate for USVI

WASHINGTON — The Federal Bureau of Economic Analysis (BEA) released estimates of gross domestic product (GDP) for the U.S. Virgin Islands (USVI) for 2019, in addition to estimates of GDP by industry and compensation by industry for 2018. These estimates were developed under the Statistical Improvement Program funded by the Office of Insular Affairs (OIA) of […]