VIPA Advises Public of Anticipated Record-Busy Holiday Season

The Virgin Islands Port Authority is advising the public that this upcoming holiday season is anticipated to be the busiest travel season in history.  “The Transportation Security Administration (TSA) and several airlines have reported that they expect a record number of travelers for the upcoming holidays. We are also expecting a noted increase in travel … Read more

Community is Given Until Nov. 24 to Comment on Latest Draft of Governor’s Derelict and Abandoned Buildings Bill

Governor Albert Bryan announced on Monday that the public has until November 24 to comment on the latest draft of his proposed bill, aimed to rid the territory town of derelict and abandoned buildings. Government House has circulated the 15-page proposal, which reportedly incorporates the feedback generated by two town hall meetings on the issue … Read more

HUD Greenlights Amendment; Potential Release of $145M for Infrastructure at WAPA Plants

October 12, 2023 The U.S. Virgin Islands has taken a major leap towards fortifying its energy infrastructure, with the announcement from Governor Albert Bryan that the U.S. Department of Housing and Urban Development has greenlit the V.I. Housing Finance Authority’s Substantial Amendment. The approval signals — but does not confirm — the release of $145 … Read more

Ocean Point Terminals to Develop Solar Farm on St. Croix

By SUZANNE CARLSON, Daily News Staff Ocean Point Terminals, formerly known as Limetree Bay Terminals on St. Croix, has announced the company is partnering with BMR Energy to construct a solar farm at the facility on St. Croix. The companies “are partnering to construct an approximately 10.00 MWdc/7.50 MWac ground-mounted utility-scale solar farm at Ocean … Read more

Spring Revenue Estimating Conference Reports Positive Outlook; USVI’s GDP Outperforms Those of Mainland, Other Territories

Among the highlights: Hotel revenues are up 75%; 1st Quarter 2022 visitors are almost double the same period in 2021; unemployment hits lowest level in years at 7.9%; refinery restart and Marriott’s return expected to provide major additional boost to Government finances U.S. VIRGIN ISLANDS — Governor Albert Bryan Jr. on March 25 attended the Office of … Read more

Gross Domestic Product for the U.S. Virgin Islands (USVI), 2019

VI GDP 2019

Released May 26, 2021 at 2pm EST. Source: Bureau of Economic Analysis (BEA) Today, the Bureau of Economic Analysis (BEA) released estimates of gross domestic product (GDP) for the U.S. Virgin Islands (USVI) for 2019, in addition to estimates of GDP by industry and compensation by industry for 2018.1 These estimates were developed under the Statistical … Read more