While the U.S. Virgin Islands’ bonds are still rated in junk status, there are some significant signs of improvement and glimmers of hope for economic recovery in the territory. The price of some of the Territory’s bonds has more than doubled since the end of 2017, thanks in large part to a boom in construction during the post-hurricane rebuild and the reopening of the St. Croix oil refinery. Now, economic experts in the Territory feel good about the growth in the local economy believe there is a positive future for the territory’s bond ratings.

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Officials from the Department of Labor recently told lawmakers in the U.S. Virgin Islands that understaffing in the DOL has prevented the department from pursuing legal action against employers who have failed to make their unemployment insurance payments. These delayed and missing payments have, in turn, delayed the payment of benefits to newly unemployed citizens.

In the weeks and months after a natural disaster, contractors tend to flood the affected area with tantalizing offers of rock-bottom rates for repairs and reconstruction services. This is prime season for scammers, who tend to cut corners, use low-grade materials or skip out on the job entirely after receiving payment.

Thus, when you hire

One of the many lessons businesses across the U.S. Virgin Islands and the rest of the Caribbean have learned in the wake of Hurricane Maria is that it is absolutely imperative to have disaster preparedness and contingency plans. The unfortunate reality is that all it takes is one large storm to come through and wipe

It has been weeks since Hurricane Maria swept through the U.S. Virgin Islands, causing catastrophic damage to the Territory’s buildings and infrastructure. However, the Territory still finds itself in great need of federal assistance.

In mid-October, a group of Democratic lawmakers sought tax relief for both Puerto Rico and the U.S. Virgin Islands, which were

Several senators on the Committee on Energy and Natural Resources, led by Sen. Lisa Murkowski (R-Alaska), have expressed their support when it comes to providing funding for rebuilding the U.S. Virgin Islands infrastructure that would be stormproof.

As the scientific community has agreed that hurricanes will likely be more common in the future due to