Our Mission
To advance the sustainable growth, development and diversification of Bermuda’s Economy.
Our Work
The Economic Development Department (EDD) aims to create new economic pillars in Bermuda. It starts by identifying new opportunities for economic diversification and subjecting them to structured analysis and research. Once areas have been identified and agreed upon, the EDD seeks local and overseas investments to develop new local industries, which will create jobs in Bermuda. The EDD also links the Government and related business sectors and develops networks with international business professionals and organisations.
Objectives
- Facilitating, creating, and implementing policies to support the Bermuda Economic Development Strategy 2023 - 2027.
- In collaboration with industry stakeholders, positioning Bermuda as an ideal test market for innovative product and industry development.
- Analysing innovative developments and trends through research and stakeholder engagement.
- Identifying the jurisdiction’s market fit, clearly communicating its message, and driving opportunities for economic activity.
- Processing various Land Licenses and Incentives for Job Maker applications in a timely, efficient, and professional manner.
- Facilitating opportunities for technology education, mentoring and training, and support for e-entrepreneurship.
- Helping create a more attractive regulatory environment for business and enhanced communication between the Government of Bermuda and the private sector.
Programmes and Initiatives
The EDD runs a range of programmes and initiatives that contribute to Bermuda’s growth as a global hub for technology, education, and entrepreneurship. Below, you will find links to external websites that host these initiatives, each of which aligns with its mission. Visit them to learn more about how they support Bermuda’s journey into the future.
Bermuda Coders Initiative
Visit the Website
Dedicated to nurturing local coding talent, this initiative provides accessible resources and training opportunities for individuals eager to advance their tech skills. This training comes at no cost to the learners and is available to aspiring and professional developers alike.
Fintech Training Programme
Visit the Website
Explore the cutting-edge world of Fintech through this programme designed to empower Bermudians with foundational knowledge and skills in financial technology. Participants gain insights from industry leaders and access career-building opportunities in this thriving sector.
Tech Education Day
Visit the Website
Tech Education Day is an engaging annual event that inspires the next generation of tech leaders in Bermuda. Designed for students, it connects youth with technology experts and showcases career possibilities in the fields of technology and innovation.
TechAwards
Visit the Website
The Technology Innovation Awards celebrate Bermuda-based individuals and organisations excelling in technological innovation. From start-ups to established enterprises, the TechAwards recognise and amplify transformative contributions to the island’s tech ecosystem.
E-Commerce Advisory Board
The E-Commerce Advisory Board is a statutory Board (“ECAB”) created under Section 30 of the Electronic Transactions Act 1999 (“ETA”) to advise the Minister about matters relating to e-commerce in Bermuda. ECAB comes into effect upon publication in the Official Gazette each year and serves until the end of that calendar year.
The Standard for Electronic Transactions was appointed pursuant to subsections 29(3) and 29(5) of the ETA.