News Articles

A.J. Pike St. Croix - A fraud alert from a trusted bank is not just a warning about someone else’s problem. It is a reminder that scammers often sound polished, urgent, and convincing enough to fool careful people. The recent fraud awareness alert issued by the Bank of St. Croix highlights a growing risk for account holders: imposter scams and bank impersonation attempts. These schemes often start with a phone call, text message, email, or pop-up that appears to come from a r

A.J. Pike St. Croix - Six awards from a leading economic development organization do more than fill a trophy case. They signal that a place has built systems that work, partnerships that last, and programs that help people and businesses grow. That is why UVI RTPark’s achievement of six IEDC Excellence Awards is a major milestone for the University of the Virgin Islands Research and Technology Park, the U.S. Virgin Islands, and the broader community it serves. The recognition

A.J. Pike St. Croix - The University of the Virgin Islands Research and Technology Park (UVI RTPark) continues to grow as a hub for innovation and entrepreneurship in the Caribbean. Recent announcements highlight new opportunities, partnerships, and initiatives designed to support startups, attract investment, and foster economic development in the region. This post shares the latest updates from UVI RTPark and explains how these developments can benefit entrepreneurs, invest

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 St. Croix - Water Spirit Freight Services, the St. Croix based cargo carrier that provides island to island services between St. Croix, St. Thomas, Old San Juan, Puerto Rico and Tortola, BVI, has been given the all clear to resume cargo operations at Pier 14 in Old San Juan. Given the conflicting problems with cruise ship dockings at Pier 10, the company has moved operations to Pier 14. Due to operational limitations at Pier 14, where it has been decided t

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

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

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