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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.
The Labor Department met the Sept. 10 deadline to apply for the Lost Wages Assistance Program, a stopgap measure while Congress hammers out a second pandemic relief package – but the money won’t flow anytime soon.
The V.I. Department of Labor is temporarily waiving many of the work search and other requirements to receive unemployment insurance, to increase access to resources during the pandemic.
Unemployment insurance payments are starting to flow to V.I. residents suffering layoffs due to the coronavirus, but the logistical strain on the system means it’s going to be a while before all needs are met.
It could prove more than difficult to pay all the unemployment claims from V.I. workers attributed to the new coronavirus – unless Washington D.C. steps in with funding.
The 33rd Legislature Finance Committee approved bills dealing with the gas excise tax, unemployment tax, a tax commission and the territory’s insurance division Tuesday.