What is Economic Development?
Economic development is the process of creating the conditions for sustainable growth, business success, and improved quality of life. It includes supporting entrepreneurs, attracting investment, strengthening communities, developing talent, and shaping national economic strategy.
Economic Development in Bermuda: A Coordinated Ecosystem
Bermuda’s economic development is powered by a coordinated ecosystem of agencies, each playing a vital role:
- BEDC – Supports entrepreneurs and small businesses to start, grow, and thrive
- BDA – Attracts international investment and promotes Bermuda globally
- UDA – Revitalizes and develops vibrant urban and commercial spaces
- EDD – Provides national strategy, policy, and economic direction
- Department of Workforce Development (DWD) – Develops a skilled, future-ready workforce
Together, these agencies create a strong, inclusive, and resilient economy—from local businesses to global industries.
Bermuda Economic Development Corporation (BEDC)
Business Development Agency (BDA) Bermuda
Urban Development Authority (UDA)
Economic Development Department (EDD)
Department of Workforce Development (DWD)
Entrepreneurship & Small Business Development
Global Investment & Business Development
Urban Development & Regeneration
Policy & National Strategy
Workforce & Skills Development
• Start & grow businesses
• Training & financing
• Inclusive economic participation
• Training & financing
• Inclusive economic participation
• Foreign direct investment
• International business growth
• Industry promotion
• International business growth
• Industry promotion
• City revitalization
• Infrastructure development
• Commercial space activation
• Infrastructure development
• Commercial space activation
• Economic policy
• Strategic planning
• Government coordination
• Strategic planning
• Government coordination
• Workforce training and certification
• Upskilling and reskilling programmes
• Connecting Bermudians to employment opportunities
• Upskilling and reskilling programmes
• Connecting Bermudians to employment opportunities
