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USVI Benefactor, Former Resident Richard Driehaus Dies

Investment manager and longtime Virgin Islands resident and benefactor Richard Driehaus died on Tuesday in Chicago. He was 78.

Universal Concrete LLC Makes Pitch for EDC Benefits

Representatives of Universal Concrete LLC made a pitch for Economic Development benefits for a business they said would help meet an "astronomical" demand for building materials in the territory.

EDC Board Ponders Benefits for Two Financial Services Firms

From humble beginnings on his grandparents’ farm in communist Romania, Edgar Zambo rose to self-described “influencer” status in financial circles and would like to bring his expertise to the U.S. Virgin Islands.

Call Center Told to Rethink Wage Scale in Bid to Obtain EDC Benefits

A stateside call center hoping to expand to St. Croix got schooled in the economy of the U.S. Virgin Islands on Tuesday at a public Economic Development Commission hearing.

EDC Grants Employment, Charitable Waivers in Face of Pandemic

The Economic Development Commission board of directors on Friday granted waivers to beneficiaries seeking reductions in their employment and charitable giving requirements, in one case citing the COVID-19 pandemic.

Citing Pandemic, Buccaneer Resort Seeks EDC Waivers, Extensions

The financial fallout from the COVID-19 pandemic was brought home to the Economic Development Authority Board of Directors on Thursday as officials with the Buccaneer Beach & Golf Resort on St. Croix appealed for help to stay afloat.
Attorney General Denise George. (2019 Government House photo)

Justice Goes After Executors in Lawsuit Against Epstein’s Estate

Co-executors of the estate left by the late Jeffrey Epstein and a company he founded in the Virgin Islands were recently named as co-defendants in a civil lawsuit filed by the V.I. Justice Department.

Lovango Resort & Beach Club Set to Open Feb. 5

Owners Mark and Gwen Snider, and their son Matt, are now hard at work painting buildings and completing construction projects for a new development located on Lovango, a small island between St. Thomas and St. John.
Sen. Novelle Francis speaks to various bills during the Rules and Judiciary Committee meeting held on Aug. 26, 2018. (Photo by Barry Leerdam for the USVI Legislature)

V.I. May Require Businesses to Take Credit Cards

Senators on the Rules and Judiciary Committee started their Monday meeting with six bills on the agenda, and when it was over, all six had been forwarded on to the full Senate.
George Dudley testifies before the Senate Finance Committee. (Barry Leerdam, USVI Legislature)

Bill Seeks to Expand Hotel Development Act

A bill to amend the USVI's Hotel Development Act, allowing hotels that suffered storm damage to use the financial tools to help finance their recovery, was unanimously approved by the Senate Finance Committee.

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