It’s no secret that measures taken to slow the spread of the coronavirus (COVID-19) have negatively impacted our small businesses in the US Virgin Islands. A territory-wide stay-at-home order bans on restaurant dining, bars, and vacation rentals; travel restrictions, and other precautions have crippled business revenues and small businesses’ ability to cover basic business operating costs. Fortunately, there are a growing number of resources and programs available for small businesses, including the expansion of existing and the creation of new programs as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act. In these unprecedented times, it’s essential our small businesses remain agile to overcome adversity. The difference between closing your doors or surviving and thriving beyond COVID-19 could depend on what you do today.
