U.S. Virgin Islands officials are serving up a second rum deal, this time with Cruzan VIRIL Ltd., that would boost rum production and secure additional revenue for the territory.

The potential Cruzan agreement would mirror a contract that USVI forged earlier this year with Diageo PLC, maker of Captain Morgan rum, under which the Virgin Islands Public Finance Authority issued $250 million of rum-tax bonds to finance a new distillery in return for Diageo’s pledge to leave Puerto Rico and produce Captain Morgan rum in USVI for 30 years. Cruzan currently makes rum in St. Croix in the U.S. Virgin Islands.

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