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Kamal Latham, CEO of the Economic Development Authority, testifies at Tuesday’s Finance Committee hearing. (V.I. Legislature Photo)

Latham Out at Economic Development Authority

Kamal Latham, chief executive officer of the tax-break giving entity the V.I. Economic Development Authority, has resigned his post, effective July 20, according to the Authority.
The Preserve at Botany Bay entrance. (Botany Bay Facebook page)

Botany Bay Resort Gets V.I. Tax Breaks

The V.I. Economic Development Authority board unanimously approved a tax break application from By-the-Sea Resort Properties LLC on May 7 to open a new 68-key independent boutique resort within the 397-acre enclave of The Preserve at Botany Bay.
Gov. Albert Bryan Jr. (Source photo by Shaun A. Pennington)

Bryan Signs Bills on Tax-Break Hiring Rules, Credit Cards

Gov. Albert Bryan Jr. signed an array of bills recently, including one attempting to place more oversight and limits on the use of government credit cards.
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.
Economic Development Authority CEO Kamal Latham responds to questions from the Finance Committee Monday. (Photo by Barry Leerdam, USVI Legislature)

Senate Considering Bill to Tighten and Clarify EDC Tax Break Rules

The Economic Development Authority’s Chief Executive Officer Kamal Latham on Monday told the Senate Finance Committee that the EDA's board remained neutral to parts of proposed legislation affecting the agency.
Kamal Latham, CEO of the Economic Development Authority, testifies at Tuesday’s Finance Committee hearing. (V.I. Legislature Photo)

Skeptical Lawmakers Call EDA Projections ‘Fluff’

Lawmakers on Tuesday expressed incredulity at projections issued by the V.I. Economic Development Authority, with Senate Finance Committee Chairman Sen. Kurt Vialet (D-STX) calling agency leadership’s goal of attracting 25 new investor applications in a year “fluff.”
Little St. James Island. (Image from Google Maps)

Jeffrey Epstein, Billionaire V.I. Island Owner, Arrested For Sex Trafficking Children

A wealthy Virgin Islands landowner was arrested by federal authorities Saturday. According to reports appearing in major U.S. newspapers, Jeffrey Epstein, 66, was apprehended as he flew into a New Jersey airport on a private plane arriving from Paris.
RTPark Executive Director Peter Chapman introduces new programs to the public. (Susan Ellis photo)

RT Park Introduces New Programs and Staff to Community

The new staff at the V.I. Research and Technology Park introduced two new programs, Tuesday to promote budding entrepreneurs and assist young Virgin Islanders with a technology background in finding jobs in the territory.
Enjoying the afternoon, golfers take a short ride to the next hole. (Linda Morland photo)

Carambola Golf Club Requires Tax Relief to Stay Open

Carambola Golf Club is struggling to keep its doors open after former Gov. Kenneth Mapp denied the club an extension of benefits that had been voted on and unanimously approved by the Virgin Islands Economic Development Commission.
Marriott’s Frenchman’s Cove has seen a series of renovations after hurricanes Irma and Maria to bring it back to its original grandeur.

Marriott Offers Increase in Employee Mandate for Extension of Incentives

Marriott Ownership Resorts Inc., a subsidiary company of Marriott Vacation Club International, requested an extension of benefits and modifications be made to its application during a meeting with the Virgin Islands Economic Development Commission.

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