AGP Executive Report
Last update: 10 hours agoTerritorial Finances: Gov. Albert Bryan Jr. proposed $250 million in gross-receipts-tax bonds to cover overdue obligations and needs at the government, public utilities and hospitals. The plan allocates $85 million to hospitals, $80 million to public authorities and $70 million to the central government; recipients would have to follow five-year financial plans. Business: Impact PaySystem has begun offering payment processing in the U.S. Virgin Islands and Puerto Rico, with the British Virgin Islands next in its expansion plans. Toyota’s planned $55 million expansion of its Puerto Rico distribution center is also relevant to the territory: the facility supplies 24 Toyota and Lexus dealerships, including those in the USVI. Health Workforce: The USVI and Ghana plan to sign a November agreement to recruit nurses and teachers, offering a potential staffing boost while prompting concerns about talent leaving Ghana. Public Health: A local lab is now testing for dengue, replacing a system in which results could take one to two months. Coastal Resources: NOAA has proposed raising St. Croix’s spiny lobster catch limit by 28.8%. Disaster Recovery: The USVI is included in a $1.6 billion federal emergency fund for disaster-damaged transportation infrastructure; the territory’s allocation was not specified.
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