Beautiful Virgin Islands

Wednesday, Jul 23, 2025

BVICCHA struggles to stay afloat as revenue sinks to ‘all-time low’

BVICCHA struggles to stay afloat as revenue sinks to ‘all-time low’

The BVI Chamber of Commerce & Hotel Association’s (BVICCHA) revenue streams have reached an unprecedented low this year.

Chairwoman of the BVICCHA, Shaina Smith-Archer said this is because of a pandemic-induced economic recession affecting local businesses.

As a result, the Chamber of Commerce has to rely heavily on membership dues and fundraisers to sustain their operation and keep the chamber afloat.

“We have seen our revenue streams shrink to an all-time low and are currently in need of urgent financial support to continue the great work,” Smith-Archer said.

The Chairwoman added that the chamber will accept any donations or pledges that will help them continue its ‘invaluable’ service during these uncertain times.

Businesses called on for support


With the BVICCHA struggling financially, the chairwoman is calling on all active and inactive members for their support.

She also said it has been difficult to keep businesses in operation during the pandemic and has, therefore, commended business owners.

“The past eighteen months have been a chaotic time for Virgin Islands business owners to keep their doors open … I salute all business owners for the persistence they have shown in safeguarding lives and livelihoods during this global health crisis,” the chairwoman added.

Special membership drive


However, she is urging businesses to take advantage of the BVICCHA’s special membership drive that runs from October 15 to December 15 2021.

The drive also applies to not-for-profit organisations.

Smith-Archer said it is a good time for past/inactive members of the Chamber of Commerce to rejoin as they have upgraded their benefits and will be providing more value for membership in the upcoming year.

For new members that join during this drive, the chairwoman said they “will receive a five percent discount on [their] 2022 annual membership fees”.

“If you are a current member and refer a new member who joins from 15th October 2021 to 15th December 2021, you will receive a five percent discount on your 2022 annual membership fees,” she added.

Smith-Archer is also urging businesses to take advantage of what she said is BVICCHA’s affordable advertising services for the promotion of goods and services during the upcoming holidays. She further encouraged businesses to take advantage of the Member-2-Member Discount Plan which is supposed to lower business-to-business costs.

Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
US Treasury Secretary Calls for Institutional Review of Federal Reserve Amid AI‑Driven Growth Expectations
UK Government Considers Dropping Demand for Apple Encryption Backdoor
Severe Flooding in South Korea Claims Lives Amid Ongoing Rescue Operations
Japanese Man Discovers Family Connection Through DNA Testing After Decades of Separation
Russia Signals Openness to Ukraine Peace Talks Amid Escalating Drone Warfare
Switzerland Implements Ban on Mammography Screening
Japanese Prime Minister Vows to Stay After Coalition Loses Upper House Majority
Pogacar Extends Dominance with Stage Fifteen Triumph at Tour de France
CEO Resigns Amid Controversy Over Relationship with HR Executive
Man Dies After Being Pulled Into MRI Machine Due to Metal Chain in New York Clinic
NVIDIA Achieves $4 Trillion Valuation Amid AI Demand
US Revokes Visas of Brazilian Corrupted Judges Amid Fake Bolsonaro Investigation
U.S. Congress Approves Rescissions Act Cutting Federal Funding for NPR and PBS
North Korea Restricts Foreign Tourist Access to New Seaside Resort
Brazil's Supreme Court Imposes Radical Restrictions on Former President Bolsonaro
Centrist Criticism of von der Leyen Resurfaces as she Survives EU Confidence Vote
Judge Criticizes DOJ Over Secrecy in Dropping Charges Against Gang Leader
Apple Closes $16.5 Billion Tax Dispute With Ireland
Von der Leyen Faces Setback Over €2 Trillion EU Budget Proposal
UK and Germany Collaborate on Global Military Equipment Sales
Trump Plans Over 10% Tariffs on African and Caribbean Nations
Flying Taxi CEO Reclaims Billionaire Status After Stock Surge
Epstein Files Deepen Republican Party Divide
Zuckerberg Faces $8 Billion Privacy Lawsuit From Meta Shareholders
FIFA Pressured to Rethink World Cup Calendar Due to Climate Change
SpaceX Nears $400 Billion Valuation With New Share Sale
Microsoft, US Lab to Use AI for Faster Nuclear Plant Licensing
Trump Walks Back Talk of Firing Fed Chair Jerome Powell
Zelensky Reshuffles Cabinet to Win Support at Home and in Washington
"Can You Hit Moscow?" Trump Asked Zelensky To Make Putin "Feel The Pain"
Irish Tech Worker Detained 100 days by US Authorities for Overstaying Visa
Dimon Warns on Fed Independence as Trump Administration Eyes Powell’s Succession
Church of England Removes 1991 Sexuality Guidelines from Clergy Selection
Superman Franchise Achieves Success with Latest Release
Hungary's Viktor Orban Rejects Agreements on Illegal Migration
Jeff Bezos Considers Purchasing Condé Nast as a Wedding Gift
Ghislaine Maxwell Says She’s Ready to Testify Before Congress on Epstein’s Criminal Empire
Bal des Pompiers: A Celebration of Community and Firefighter Culture in France
FBI Chief Kash Patel Denies Resignation Speculations Amid Epstein List Controversy
Air India Pilot’s Mental Health Records Under Scrutiny
Google Secures Windsurf AI Coding Team in $2.4 Billion Licence Deal
Jamie Dimon Warns Europe Is Losing Global Competitiveness and Flags Market Complacency
South African Police Minister Suspended Amid Organised Crime Allegations
Nvidia CEO Claims Chinese Military Reluctance to Use US AI Technology
Hong Kong Advances Digital Asset Strategy to Address Economic Challenges
Australia Rules Out Pre‑commitment of Troops, Reinforces Defence Posture Amid US‑China Tensions
Martha Wells Says Humanity Still Far from True Artificial Intelligence
Nvidia Becomes World’s First Four‑Trillion‑Dollar Company Amid AI Boom
U.S. Resumes Deportations to Third Countries After Supreme Court Ruling
Excavation Begins at Site of Mass Grave for Children at Former Irish Institution
×