Page 82 - FDI Alliance International Magazine, July 2019 Interactive Issue_Neat

How do you recover from two Category 5 hurricanes unbroken. Determined to rebuild, the Territory Recovery (CDBG-DR) mechanism. It is estimated
while simultaneously offering a world-class tourism pulled together and laid the groundwork for long- that up to $8 billion in combined federal government
experience and an attractive business environment? term recovery. A hurricane recovery and resilience assistance may be received by the Territory.
task force comprised of public and private sector
Come on down to the U.S. Virgin Islands, the crown leaders was convened and produced a detailed report Tourism
jewel of the Caribbean, and find out! We are in September 2018 outlining 200+ recommendations
America’s Business Paradise and are rebounding to strengthen the Territory. Convenience is one of our biggest selling
strong from the devastation in September 2017 points. American citizens do not need a passport
from hurricanes Irma and Maria. In the same month, an agreement was signed to visit since we are part of the U.S. Breathtaking
with the U.S. Department of Housing and Urban is an apt description of our landscape, waterscape,
Recovery Development (HUD) to release $242 million in federal and skyscape. The three major islands of St.
funds to rebuild infrastructure and revitalize the Thomas, St. Croix, and St. John all have sun-soaked
Resilient best describes us. Despite over economy. This was a down payment on approximately beaches, turquoise water, and lush greenery year-
$10 billion in estimated property damage and $1.9 billion in total HUD funding approved through round. Whether it is Magens Bay in St. Thomas,
economic loss, the resolve of the people remained the Community Development Block Grant Disaster Sand Castle Beach in St. Croix, or Trunk Bay in

82 FDI ALLIANCE | JULY ISSUE 2019