Act No. 8385 — An Act providing for the disbursement of monies to the Virgin rslands Economic Development Authority to establish the Small Business Relief
ACTNO. 885 BILL NO. 33-04 0 THIRTY-THIRD LEGISLATURE OF THE VIRGIN ISLANDS Regular Session 2020 An Act providing for the disbursement of monies to the Virgin rslands Economic Development Authority to establish the Small Business Relief Grant Program and the COVID- 19 Disaster Loan Program; providing for the disbursement of S2,000,000 from the St. Croix Capital Improvement Fund to the Virgin Islands Economic Development Authority Enterprise Zone Commission for the construction of a state-of-the-art, certified, clean kitchen facility, with storage and classrooms space; and providing for other related purposes ---0--- WHEREAS, the Territory’s economic activity has significantly slowed since the advent of the novel Coronavirus Disease 2Ol9,(COVID-l9) WHEREAS, the Virgin Islands has a tourism-dependent economy that makes it extremely susceptible to the travel restrictions implemented because of COVID-19; WHEREAS, COVID-19 has created a public health problem and an economic problem for the Territory, as the government lockdown implemented to protect residents resulted in mandated business …
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