Beautiful Virgin Islands

Tuesday, Jun 03, 2025

1,039 businesses approved for stimulus grants; D4 gets lion's share

1,039 businesses approved for stimulus grants; D4 gets lion's share

Some 1,039 businesses in the Virgin Islands will now receive small business grants through a COVID-19 stimulus plan aimed at boosting businesses that may have had difficulties in meeting operational expenditures as a result of the Coronavirus pandemic.

The payments of those grants, aimed at Micro, Small and Medium Enterprise businesses (MSMEs) and piloted by Junior Minister for Trade and Economic Development, Hon Shereen D. Flax-Charles (AL), was launched this morning, September 14, 2020.

Premier and Minister of Finance, Hon Andrew A. Fahie (R1), speaking at the launch ceremony, said COVID-19 has caused and continue to cause significant economic impacts on workers and on businesses, hence, Government’s move to make the funds available to businesses.

With payments set to be paid in batches due to the volume, the breakdown of funds are as follows, based on a percentage of losses in the businesses, the Premier said.


For security reasons, the businesses receiving grants will not be named; however, Director for Trade, Karia J. Christopher noted that businesses will be contacted to uplift their cheques.

District Grants approved


District 1: 68 Businesses - $399,219
District 2: 102 Business - $598, 140
District 3: 91 Businesses - $548,825
DIstrcit 4: 280 Businesses - $1,665,565
District 5: 68 Businesses - $404,063
District 6: 113 Businesses - $644,273
District 7: 59 Businesses - $354,748
District 8: 90 Businesses - $518,600
District 9: 169 Businesses - $1,005,384

For security reasons, the businesses receiving the grants will not be named, the Premier said.

Director of Trade Karia J. Christopher noted that businesses will be contacted to uplift their cheques. She also said persons with missing information, including bank details, are to submit those to the department urgently because cheques will not be given if banking details are not confirmed.

Premier Fahie further added, “I urge our businesses to ensure that these funds are used to create a lasting impact and lasting benefit on your operations,” noting that the idea is to get money flowing in the economy once more.

10 food operators receiving UNDP grants


Businesses benefiting from the grant include security services, taxi operators on Tortola and Virgin Gorda, boat operators and other small businesses such as hoteliers and those working to secure the borders.

Some 1,423 businesses applied for grants.

Meanwhile, 10 additional MSMEs classified as food operators will receive $4,000 each as part of a $40,000 grant given by the United Nations Development Programme (UNDP) in partnership with Government.


Premier and Minister of Finance, Hon Andrew A. Fahie (R1) speaking at the launch ceremony said COVID-19 has caused and continue to cause significant economic impacts on workers and on businesses, hence, Government’s move to make the funds available to businesses.

Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
German Chancellor Merz Keeps Putin Guessing on Missile Strategy
Mandelson Criticizes UK's 'Fetish' for Abandoning EU Regulations
British Fishing Boat Owner Fined €30,000 by French Authorities
Dutch government falls as far-right leader Wilders quits coalition
Harvard Urges US to Unfreeze Funds for Public Health Research
Businessman Mauled by Lion at Luxury Namibian Lodge
Researchers Consider New Destinations Beyond the U.S.
53-Year-Old Doctor Claims Biological Age of 23
Trump Struggles to Secure Trade Deals With China and Europe
Russia to Return 6,000 Corpses Under Ukraine Prisoner Swap Deal
Microsoft Lays Off Hundreds More Amid Restructuring
Harvey Weinstein’s Publicist Embraces Notoriety
Macron and Meloni Seek Unity Despite Tensions
Trump Administration Accused of Obstructing Deportation Cases
Newark Mayor Sues Over Arrest at Immigration Facility
Center-Left Candidate Projected to Win South Korean Presidency
Trump’s Tariffs Predicted to Stall Global Economic Growth
South Korea’s President-Elect Expected to Take Softer Line on Trump and North Korea
Trump’s China Strategy Remains a Geopolitical Puzzle
Ukraine Executes Long-Range Drone Strikes on Russian Airbases
Conservative Karol Nawrocki wins Poland’s presidential election
Study Identifies Potential Radicalization Risk Among Over One Million Muslims in Germany
Good news: Annalena Baerbock Elected President of the UN General Assembly
Apple Appeals EU Law Over User Data Sharing Requirements
South Africa: "First Black Bank" Collapses after Being Looted by Owners
Poland will now withdraw from the EU migration pact after pro-Trump nationalist wins Election
"That's Disgusting, Don’t Say It Again": The Trump Joke That Made the President Boil
Trump Cancels NASA Nominee Over Democratic Donations
Paris Saint-Germain's Greatest Triumph Is Football’s Lowest Point
OnlyFans for Sale: From Lockdown Lifeline to Eight-Billion-Dollar Empire
Mayor’s Security Officer Implicated | Shocking New Details Emerge in NYC Kidnapping Case
Hegseth Warns of Potential Chinese Military Action Against Taiwan
OPEC+ Agrees to Increase Oil Output for Third Consecutive Month
Jamie Dimon Warns U.S. Bond Market Faces Pressure from Rising Debt
Turkey Detains Istanbul Officials Amid Anti-Corruption Crackdown
Taylor Swift Gains Ownership of Her First Six Albums
Bangkok Ranked World's Top City for Remote Work in 2025
Satirical Sketch Sparks Political Spouse Feud in South Korea
Indonesia Quarry Collapse Leaves Multiple Dead and Missing
South Korean Election Video Pulled Amid Misogyny Outcry
Asian Economies Shift Away from US Dollar Amid Trade Tensions
Netflix Investigates Allegations of On-Set Mistreatment in K-Drama Production
US Defence Chief Reaffirms Strong Ties with Singapore Amid Regional Tensions
Vietnam Faces Strategic Dilemma Over China's Mekong River Projects
Malaysia's First AI Preacher Sparks Debate on Islamic Principles
White House Press Secretary Criticizes Harvard Funding, Advocates for Vocational Training
France to Implement Nationwide Smoking Ban in Outdoor Spaces Frequented by Children
Meta and Anduril Collaborate on AI-Driven Military Augmented Reality Systems
Russia's Fossil Fuel Revenues Approach €900 Billion Since Ukraine Invasion
U.S. Justice Department Reduces American Bar Association's Role in Judicial Nominations
×