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Friday, July 19, 2019
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The Research and Technology Park on UVI's St. Croix campus(File photo)

RTPark, National Development Council Partner to Expand Economic Opportunities in V.I.

The one-year contract with the New York-based non-profit officially commenced on July 1 and will be available to not only the RTPark and its current and prospective client companies, but also other public, quasi-public and civic USVI organizations that are conceptualizing/ implementing economic development initiatives in the territory.

Scotiabank in USVI and Puerto Rico Sold to Oriental Bank

Oriental Bank bought Scotiabank's U.S. Virgin Islands' branch for a $10 million deposit premium, OFG Bancorp announced last week. Oriental also bought Scotiabank's operations in Puerto Rico for $550 million in cash.

Viya Federal Universal Service Charge Rate to Change Effective July 1

Effective July 1, there will be a slight increase in the FUSC surcharge factor from 18.80 percent to 24.40 percent.

Sports, Parks and Recreation/ McDonald’s USVI Name 60 Winners of Summer Essay Contest

The Department of Sports, Parks and Recreation (DSPR) and McDonald’s USVI have chosen the winners of the Summer Essay Contest. Essay contest winners submitted a two-paragraph essay explaining what sports and fitness mean to them.

Viya Awards 2019 Scholarships to Two Freshmen College Students

Viya Scholarships are awarded to two high school seniors -- one in each district -- who have already been accepted to a college or a university. The winning student in each district is awarded a one-time $10,000 scholarship to be used for tuition.

USVI Economic Development Authority Attends SelectUSA Investment Summit

More than 3,100 people attended this year's summit, which included 1,200 business investors from a record 79 global markets.

USVI Investor Forum Sparks High Interest in Prospective Investors

Business investment opportunities captured high interest among eight prospective investors at a U.S. Virgin Islands Investor Forum on St. Thomas and St. Croix. Government representatives and their public and private sector partners welcomed the prospective investors June 13-15.
Lt. Gov.-elect Tregenza Roach. (File photo by Barry Leerman for the V.I. Legislature)

V.I. Insurance Guaranty Association to Pay Real Legal Cost Holdback Claims

Lt. Gov. Tregenza A. Roach Esq., in his capacity as the Commissioner of Insurance and Ancillary Receiver of Real Legacy Assurance Company, has ordered the Virgin Islands Insurance Guaranty Association to pay outstanding Real Legacy claims, including replacement cost holdback claims.

SBA’s Lender Match Tool Connects Small Businesses With Lenders

In keeping with its mission of helping small businesses start, grow and thrive, the U.S. Small Business Administration reminds the small business community of Lender Match, its online referral tool that connects small business borrowers with participating SBA lenders.

AT&T Invests Over $15 Million in 3 Years to Boost V.I. Networks

These investments boost reliability, coverage, speed and overall performance for residents and businesses.

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