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Charlotte Amalie
Saturday, January 25, 2020
Sat January 25, 2020 9:46 PM
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St. Croix business

Highest Audit Rating to Be Awarded to V.I. Economic Development Authority

This audit was conducted in accordance with auditing standards that are applicable to financial audits contained in the Government Auditing Standards issued by the Comptroller General of the United States.

Oriental Bank Expanding Hours to Saturdays

Oriental Bank now will be open on Saturdays at the Altona St. Thomas branch and the Sunny Isle St. Croix branch for the convenience of the banking public.

Mastercard Launches Smart Islands Program in Caribbean

Technology giant Mastercard announced today the launch of its Smart Islands program in the Caribbean, leading the journey towards developing smarter islands and cashless societies to strengthen economies throughout the region.

Roach Advises Residents to Verify Earthquake Insurance Status

Lt. Gov. Tregenza A. Roach Esq., who also serves as the U.S. Virgin Islands Commissioner of Insurance, encourages the territory’s property owners to check their homeowner’s insurance policy and make sure it includes earthquake insurance coverage.

VIPFA Refinances Shopping Center Tax Increment Revenue Term Note

Currently, Island Crossing Shopping Center’s sole tenant is the original anchor, Home Depot, under a 20-year lease.

VIPFA Refinances Island Crossings Shopping Center Tax Increment Revenue Term Note

Under the Tax Increment Financing Act, the collection of 90 percent of gross receipts taxes and real estate tax increments are held in a Tax Increment Financing escrow account.

New SBA Administrator Pledges More Opportunities for Women, Underserved, Vets

Jovita Carranza now serves as the 26th administrator of the U.S. Small Business Administration (SBA). She will lead the only federal agency exclusively dedicated to assisting small business owners and entrepreneurs.
Barrels of rum aging in the Cruzan warehouse represent future revenues for the territory.

Interior Sends $4.4 Million Payment to USVI for Adjustment to FY 2019 Rum Excise...

This amount represents an adjustment owed to the USVI government based on actual certified rum excise tax collections and the remaining amount owed to the territory after an initial advance payment for the 2019 fiscal year.

VIPA Announces Additional Changes to Cruise Ship Schedules

The Virgin Islands Port Authority (VIPA) has received changes to its cruise schedules for the Austin “Babe” Monsanto Marine Terminal in Crown Bay, St. Thomas and the Ann E. Abramson Marine Facility in Frederiksted, St. Croix.

SBA Extends Comment Period for Consolidation of Mentor Protégé Programs

The U.S. Small Business Administration (US-SBA) is extending the comment period an additional 21 days for the proposed rule in the Federal Register to consolidate SBA’s Mentor Protégé Programs.

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