News Articles

Axel Dash St. Croix - Flamboyant Water, a St. Croix based beverage company has recently raised $1.3 million through a joint venture with U.S. ready-to-drink cocktail producer Top Dog Cocktails. This marks the company’s first external funding since its 2024 founding by Modern Caribbean LLC. Modern Caribbean was founded by UVI graduate Michael Pemberton and investment banker Les Hollis. Caribbean-born Chelsea Williams is co-founder and director of Flamboyant Water. The in

M.A. Dworkin USVI - Big money comes. Big money goes. But when it leaves a major hole in a Territory’s finances it could upend your financial planning, and so you have to sit up straight in your seat and take notice of why the big bucks went flying out the door. The departure from the U.S. Virgin Islands of two high-net-worth individuals will cost the Territory an estimated $35 million to $40 million in income tax revenue this year. Bureau of Internal Revenue (BIR) Dire

M.A. Dworkin USVI - The Virgin Islands Economic Development Authority (VIEDA) and the University of the Virgin Islands Research and Technology Park (UVI RTPark) partnered to showcase the U.S. Virgin Islands as a strategic investment destination at the 2026 SelectUSA Investment Summit, held recently at the Gaylord National Resort & Convention Center in National Harbor, MD. Hosted by the U.S. Department of Commerce, SelectUSA connects global businesses and investors with

M.A. Dworkin St. Croix - At the weekly Government House Press Briefing, conducted by Director of Communications, Richard Motta, held on St. Croix, the Bryan-Roach Administration announced that they foresee economic stabilization to the Territory’s finances for the 2026-2027 years ahead. At the recent annual Spring Revenue Estimating Conference held on St. Thomas, the Administration presented an encouraging outlook for fiscal year (FY) 2027, with overall revenues projec

M.A. Dworkin Caribbean Sea - Caribbean nations are beginning to feel the fallout of a possible military conflict between the United States and Venezuela. As tensions rise between the two countries, tourism departments up and down the quiet waters of the Caribbean Sea are beginning to calibrate what the potential cost of such a conflict might be to their most precious product, tourism. Even without a shot being fired between the two nations, the threat of conflict is a

A Thriving Business Community St. Croix - When you mix together the most influential business organization on St. Croix, the St. Croix Chamber of Commerce, with the Territory’s most innovative economic development organization, RTPark, and invite them both to a business mixer at an ultra-hip building, 64 West, on the University of the Virgin Islands (UVI) campus, you create a unique opportunity. Imagine about 100 Chamber members, RTPark representatives, and highly interested

St. Croix Times Staff Frederiksted - The Virgin Islands Economic Development Authority’s (VIEDA) Enterprise Zone Commission (EZC) has purchased the Padilla Building at 53 A&B King Street in Frederiksted, St. Croix. The historic building will become the future site of the Agro and Food Innovation Center, the anchor project of the Frederiksted Enterprise Zone. Supported by an appropriation provided by the 33rd Legislature of the Virgin Islands, the center will serve as a

M.A. Dworkin St. Croix - The Weekly Press Briefing held at Government House St. Croix highlighted three significant events that reflect Governor Albert Bryan Jr.’s commitment to preparing Virgin Islanders for the future, strengthening leadership within the Government of the Virgin Islands, and opening up air travel between the USVI and other parts of the Caribbean. The 2025 Governor’s Workforce Summit will open Tuesday, September 30, 2025 on St. Croix at Caribbean Cinem

St. Croix Times Staff USVI - The Virgin Islands Police Department Economic Crime Unit is urging all business owners and employees to...

St. Croix Times Staff DOL Issues Final Notice to Delinquent Businesses USVI - The Virgin Islands Department of Labor (VIDOL) has issued a final compliance notice to 2,000 businesses that remain delinquent in filing mandatory quarterly wage and tax reports for more than eight (8) consecutive quarters. These repeated violations of Virgin Islands law jeopardize the financial stability of the Unemployment Insurance (UI) system and place an undue burden on fully compliant employer

St. Croix Times Staff USVI - V.I. Attorney General Gordon C. Rhea joined a bipartisan coalition of 42 Attorneys General in calling on Meta Platforms, Inc (Meta) to protect people from fraudulent investment ads appearing on Facebook. New York Attorney General Letitia James has found several Facebook ads impersonating well-known investors claiming to offer high returns on investments. The fraudulent ads are luring users into pump-and-dump schemes that have led to thousands of p

M.A. Dworkin The St. Croix Chamber of Commerce’s popular Business After Hours event was held recently at the smash new restaurant, 1756...