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Gov. John DeJongh, governor of the U.S. Virgin Islands, has signed into a law a 30-year revenue deal with the owners of locally produced Cruzan Rum, which has a heritage on St. Croix dating to the 18th century.

Under the 30-year deal, the islands’ government will continue a decades-old practice of sharing the cost of molasses, a critical ingredient in rum production.

It will also continue to invest a portion of tax revenues generated from rum to promote local brands and provide financing for construction of a wastewater plant to boost capacity at Cruzan’s St. Croix distillery.

(resource: SFExaminer)