News
800 jobless, $1.8B economic decline due to USVI refinery closure
VI CONSORTIUM
FREDERIKSTED, St Croix, USVI- The closure of the Limetree Bay Refinery on St Croix's south shore is projected to result in steep annual economic declines for the US Virgin Islands (USVI), with everything from deep losses in economic activity, nearly 1,000 jobs lost, and a drop of over half a billion dollars in gross domestic product, according to a USVI Bureau of Economic Research report.