Business News

Orlando Bravo Commits $100 Million To Entrepreneurship And Economic Development In Puerto Rico
MAYAGÜEZ — Orlando Bravo, managing partner of private equity firm Thoma Bravo and founder of the Bravo Family Foundation, today announced he will personally contribute $100 million to his foundation to promote entrepreneurship and economic development in Puerto Rico, where Bravo was raised, and his family still lives. Bravo will leverage his financial resources and

‘Toxic’ Sunscreens To Be Banned In U.S. Virgin Islands Under Proposed Legislation
CHARLOTTE AMALIE — The Committee on Government Operations, Consumer and Veteran Affairs will hear Bill No 33-0043 on Monday which seeks to ban the sale of sunscreen products containing oxybenzone and octinoxate. The bill is sponsored by Senators Marvin Blyden and Janelle Sarauw and co-sponsored by Senator Javan James, Sr.

WAPA Cuts Power To 9,200 Customers on St. Croix Today; 4,100 On St. Thomas
CHRISTIANSTED — The Virgin Islands Water and Power Authority said that 9,200 customers lost power on St. Croix today. WAPA said four St. Croix estates were without electricity because “of a loss of generation capacity at the Estate Richmond power plant.” “Plant personnel are working to rebuild capacity in order

FirstBank Warns Virgin Islands Customers That It Is Not Sending Out Scam Email
CHARLOTTE AMALIE — FirstBank of the Virgin Islands advised people on Facebook today that some of its customers have received emails from scammers with the subject “Your Account Has Been Debited” followed by instructions to enter a fraudulent website. FirstBank said that if you receive this message you should delete it

DPNR Begins Accepting Vessel and Mooring Registrations for 2019-20
CHRISTIANSTED — Commissioner nominee Jean-Pierre Oriol of the Department of Planning and Natural Resources said that the Division of Environmental Enforcement (DEE) will immediately begin vessel and mooring registrations for the 2019-2020 year. Oriol said all permitted mooring holders must include in their applications to the Division of Environmental Protection

WAPA: Power Outage Tomorrow Will Affect Four Estates In St. Thomas
CHARLOTTE AMALIE — The Virgin Islands Water and Power Authority said that about 4,100 customers will experience a two-hour power outage beginning at 5 a.m. on Friday. WAPA said its crews will be working in the Fort Mylner area to “reconfigure” the “electrical load on two feeders.” The affected areas

Former U.S. Attorney For U.S. Virgin Islands District Ronald Sharpe Becomes Partner In Jones Day Firm
WASHINGTON — The global law firm Jones Day announced that former U.S. Attorney Ronald W. Sharpe has joined the Firm’s Washington Office as a partner in the Investigations & White Collar Practice. Sharpe comes to Jones Day after serving as U.S. Attorney for the District of the Virgin Islands from 2009 through 2017. He

CONSUMER GROUP: FCC Should Hold Telecom Companies Responsible For Maria’s Aftermath
SAN JUAN — A consumer activist group released a report Tuesday outlining the collapse in communications that beset Puerto Rico after Hurricane Maria, and it urged the U.S. government to investigate the problems to avoid a repeat of the situation as the island prepares for another storm season. The report

V.I. Agriculture Department Announces St. Croix Mulch Distribution Schedule
FREDERIKSTED — The Virgin Islands Department of Agriculture (DOA) said today it will be distributing free mulch at Estate Slob this week. Farmers and the general public are welcome to bring their trucks to come and pick up the mulch in Estate Slob. The Department of Agriculture employees will be

SBA To Offer Free Technical Assistance For Small Business Owners In USVI
SAN JUAN — The U.S. Small Business Administration Puerto Rico and Virgin Islands district office will conduct a free series of workshops in the U.S. Virgin Islands over the next few months as part of the SBA’s 7(j) Management and Technical Assistance program, to support socially and economically disadvantaged small