Monthly News & Updates

April 2023 Issue

Bermuda Business Spotlight

This month we want to take a moment to highlight Davida O'Brien of Vida Fusions. Davida joined the 5th cohort of the Enterprise Bermuda program, a twelve-month incubation program to support local entrepreneurs and the development of their businesses. Vida Fusions is a Bermudian brand that was crafted to connect and bring people together, with one jiggle, one pour and one explosive shimmer at a time. They supply ready-to-drink mocktails, CBD-infused and alcohol beverages along with their own syrups. Keep up the great work, Davida; we can't wait to see how your business grows.

Learn more about Vida Fusions!

BEDC Corner with William Spriggs

This month we feature William Spriggs, Economic & Cooperative Development Director.

What excites you about entrepreneurship? The sheer will and desire to create a value proposition from nothing. The ability to focus ones thought, backed by purposeful action, into developing a product and/or service that someone will happily pay a premium for is timeless.

Book an Appointment

Interested in how BEDC can help you in these challenging times? Want to apply for one of our products? All appointments are completely confidential and complimentary. Book a free consultation with one of our officers today!

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BEDC How-To Guides

Are you looking to start a business in Bermuda but don't know where to begin? Let our How-To Guides help you! BEDC has curated a host of industry specific guides that outline specific information, requirements and the necessary processes for getting your business off the ground.

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New Startup Payroll Tax Concession

Bermuda's government is offering tax relief to eligible entrepreneurs who establish new startups, exempting them from payroll tax for the first year of business. The aim is to boost job creation and support the establishment of new businesses. The tax relief program is subject to BEDC criteria for qualifying entrepreneurs.

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Upcoming Webinars & Events

Summer Student

Entrepreneur Program

This is an eight-week program designed to develop young Bermudians into the Island’s next wave of entrepreneurs. Participants ages 16 – 23 will learn practical business skills like, earning revenue, creating a business plan, conducting SWOT analysis, and much more!

DEADLINE - Sunday, April 30th

This Month at BEDC / The Highlights

Enterprise Bermuda

Chat & Chew Session

Our Enterprise Bermuda cohort had a productive chat & chew session on April 20th, where Lorene Phillips, of Clarendon Wallace, delved into the art of negotiations in entrepreneurship. The incubatees gained valuable insights and skills to help them close deals and drive their businesses forward with confidence.

Several employees and incubatees from BEDC were fortunate enough to participate in a taste test for an innovative new formula crafted by Davida O'Brien of Vida Fusions.

Happening in the Community

Spring into the City

Join in the fun as the Corporation of Hamilton celebrates Spring into the City!

Drop by City Hall every day from

May 1st – May 5th, 12pm-2pm for a celebration of themed activations and giveaways - and it’s all FREE! Sample tasty eats, listen to cool tunes, treat yourself to a wellness break, indulge in some festive fare, spin the big wheel to win, and so much more.

LEARN MORE

March 2023 Advisory Client Meetings & Industry Type

35 Number of New Advisory Clients

26 Number of Existing Advisory Clients

Top Advisory Client Industry Types

9 Community, social and personal service activities

9 Hotel and restaurant

8 Wholesale and retail trade and repair service activities

Tip & Support Articles

The Financial Literacy Basics Entrepreneurs Need to Know | Entrepreneur

Opinions expressed by Entrepreneur contributors are their own. Like most of you, I grew up with virtually no formal training on money. I learned that we definitely need money to get the things we want and one way or another, we have to work for it.

5 Shocking Customer Service Mistakes You're Making Every Day | Entrepreneur

Opinions expressed by Entrepreneur contributors are their own. The problem with great customer service is that everyone seems to think they know how to do it - it's a piece of cake, right? Wrong.