What do they do?
The EDD works to advance Bermuda’s economic growth by supporting future-focused policies, programmes and partnerships. The Department works to strengthen Bermuda’s business environment and help position the Island for long-term competitiveness. It also helps coordinate Government action, policy development and stakeholder engagement to support investment, innovation and economic activity.
Our Mission
The Economic Development Department supports the sustainable growth, development and diversification of Bermuda’s economy.
Our Work
The EDD is responsible for supporting key national priorities, including the Economic Development Strategy and the Fintech Strategy.
Its work includes research, policy support, investor facilitation, grant administration, fintech development and coordination across Government.
Objectives
The EDD’s objectives are:
- Facilitate, create, and implement policies to support the Bermuda Economic Development Strategy 2023-27.
- In collaboration with industry stakeholders, position Bermuda as an ideal test market for innovative product and industry development.
- Identify the jurisdiction’s market fit, clearly communicate its message, and drive opportunities that lead to economic activity.
- Process various Land Licenses and Incentive For Job Maker applications in a timely, efficient and professional manner.
- Facilitate opportunities for technology education, mentoring and training, and support e-entrepreneurship.
- Help create a more attractive regulatory environment for business and enhanced communication between the Government of Bermuda and the private sector.