AGP Executive Report
Last update: 4 hours agoWork Permit Reform: Premier and Minister of Finance Natalio Wheatley says the Virgin Islands will remove visa requirements for work permit holders, aiming to make it easier for businesses to bring in staff while broader investment-climate reforms (including an Investment Act and a trade/investment promotion one-stop shop) move forward. Youth & Community Investment: NAGICO Insurances donated $10,000 to the Youth Empowerment Project after its inaugural 2-Mile Run/Walk With A Purpose, supporting free after-school programmes and mentorship for young people. Local Governance & Housing Finance: Lawmakers advanced a bill to redirect $4 million from a dormant first-time homebuyer programme, with proposed splits including support for moderate-income homeownership and grants tied to cistern/slab assistance. Public Sector Accountability: A federal judge sentenced former VI Police Commissioner Ray Martinez to 10 years for bribery and fraud tied to former OMB Director Jenifer O’Neal, ordering restitution and forfeiture. Business & Capital Markets: Basel Medical Group approved a 1-for-12 reverse share split effective June 22 to meet Nasdaq’s $1 minimum bid rule. Entrepreneurship Funding: The VI Purpose Fund increased 2026 Impact Challenge catalytic funding to $250,000 for ocean-health solutions, with applications due June 10. Investor Outreach: Onity Group CFO Sean O’Neil will present at the Sidoti Small Cap Conference June 17 and meet investors.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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