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On Life Support! Shame Has Some Small Businesses Still Open

by pltm
May 23, 2023
7

(PLTM) - Sixth District Representative, Hon. Myron Walwyn has called on the Virgin Islands Party (VIP)- administration to provide financial boost to small businesses in the Territory who have been suffering since the 2017 hurricanes.

Speaking at the swearing-in of the Fifth House of Assembly (HoA), Hon. Walwyn said this is a time for rigorous and positive action, and urgency to strength the economy of the county.

“Madam Speaker, the small local businesses in our country are on life support. These businesses have not caught themselves from the 2017 hurricanes and its effects and Covid-19. Madam Speaker, is shame that have some of us still opened,” Hon. Walwyn stated.

He added, “The business community needs a boost.”

Hon. Walwyn urged that the re-instatement of the National Business Bureau and place it on legislative footing so that it becomes a permanent feature in our governmental system.

According to the third-term Legislator, businesses need access to capital in the form of low interest loans and grants along with technical support and training.

He said that there are many persons, particularly young people who have great ideas, but need support to bring them to life.

“These are the things that a good government should helping with. We must revisit the Encouragement of Industries Ordinance and the Hotel Aid Ordinance so that we could provide greater opportunities and benefits so spur on entrepreneurship in all areas of our economy,” Hon. Walwyn stated.

He said that he was asking and raising these issues not to be difficult but to arrest ‘our consciousness of the BVI’s fierce urgency of now’.

According to Hon. Walwyn, the Territory’s ability to address these issues is inextricably linked to the quality of life that can be offered to ‘our residents’.

“It is important that we get these national matters addressed because if the country is not doing well then, the services that constituents are expecting at the district level will be severely impeded,” Hon. Walwyn noted.

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Reader Opinion

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Road Runner

In a market economy surly it is survival of the fittest? If a business is struggling or failing, it was likely not viable or well managed in the first place. Sadly our politicians have seen fit to hand out cheap or free taxpayers money to the select few - friends, family people with influence. What they fail to appreciate, or simply don\'t give a dam about, is that this is not their money. It belongs to the people of the BVI who generally expect far better fiscal responsibility from our leadership than we have seen in recent years/decades.

48w

bad to worst

Delilah crossed over to a government who dont have a clue how business works

48w

Asking for a friend

This man is facing the courts for breach of trust associated with criminal conduct why is he even in our parliament?

48w

Come on

This guy and his political sidekicks behave as only the BVI is suffering from the major worldwide economic blow from Covid coupled with the lingering effects of Irma and Maria which his government gave no assistance to small business or the regular citizens. How quick he conveniently forgets. Just another political show,

48w

Explain

Were you not part of the government at the time of the hurricanes and the recovery after??

48w

Yes

Wasn\'t there money left to address the issues.l? However list the first things your government did with it.

48w

Hmmm

For the succeeding government to have had so much money to squander from March 2019 there must have been a reserve waiting to be spent to correct and fix things. Tell us where that money went to first. Then tell us where the funds for the stimulus was spent

48w

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IN PORT - TOMORROW ( 26 April )

We have no cruise ship in port on this day!

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