Beautiful Virgin Islands

Tuesday, Jun 03, 2025

18 businesses to find homes in phase one of D5 Economic Zone

Minister for Works, Transportation and Utilities, Hon Kye M. Rymer (R5) has indicated that in the first phase of the Fifth District Economic Zone development in Huntums Ghut, the government will be constructing three commercial warehouses, each able to accommodate a number of businesses.

Speaking at the groundbreaking ceremony in Huntums Ghut on October 19, 2020, Hon Rymer said the warehouses will be able to accommodate 6 businesses each, for a total of 18 businesses to be housed in the first phase of the zone, providing new opportunities to entrepreneurs.

“Applicants will have to develop a business plan which will be used for the selection process. We will work closely with the Department of Trade to offer assistance to bring your dreams to reality. Starting a business is much more than the space in which you will operate, much more than the brick and mortar,” Hon Rymer said.

He reminded prospective entrepreneurs that opening a business is not an easy feat either, rather one that requires a number of steps, such as pinpointing and providing a needed service for the community, the need for manpower and other resources like accounting, marketing, financing and so much more.

Small fee to use business facility – Hon Rymer


“Your Government is providing a stepping stone for you to make your entrepreneurial dreams a reality,” Hon Rymer affirmed, noting that successful applicants will be required to pay a small user’s fee that will go towards the upkeep of the facilities.

He said the idea for the economic zone was birthed from the concept of the Palm Gove Shopping Centre, where Virgin Islanders were able to operate their own businesses at a fraction of the market value and the market operating costs.

“The dream is that these businesses will blossom and they will outgrow these spaces. As they spread their wings and move to bigger accommodation elsewhere, room will be created for new entrepreneurs to move in and also birth their small business idea,” he said.

Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
China Accuses US of Violating Trade Truce
Panama Port Owner Balances US-China Pressures
France Implements Nationwide Outdoor Smoking Ban to Protect Children
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
×