Monthly news & updates
February 2020 Issue
This Month at BEDC / The Highlights
Lunch & Learn! BEDC Letter of Credit & EEZ Duty Deferment
A host of entrepreneurs and business owners gathered at the BEDC headquarters to learn more about the BEDC Letter of Credit and EEZ Duty Deferment product. Interested in how the product can be applied to their businesses, those in attendance were eager to learn and had many questions! It is safe to say that this Lunch & Learn was a success!
Hard at Work Developing Entrepreneurial Mindsets
18 Students are hard at work in the BEDC
8-week Think Like an Entrepreneur Course. The intensive course follows the award winning international curriculum of the Ice House Entrepreneurship Programme, one that encourages the development of an entrepreneurial mindset, and teaches students how to harness their ambition and reach their goals.
Students Explore Youth Entrepreneurship at Digital Leadership Conference
Jamillah Lodge & Kelsea Williams joined Bermuda's Youth at the Digital Leadership Conference to discuss Youth Entrepreneurship. The students were engaged and excited about the possibilities entrepreneurship presents. Many have interest in starting their own businesses and our Communications & Development team were able to get them excited and steer them in the right direction.
ECD Team Meets with International Co-op Experts
The Economic & Cooperative Development (ECD) Unit is hard at working developing programmes that will help prime Bermuda as the perfect starting ground for Cooperative Businesses. The ECD team recently met with International experts, Michael Peck, Michael Elsas and Christina Jennings who are helping local businesses understand and adopt the cooperative business model.
BEDC Recognizes Sponsors at the GEW Thank You Reception
On Thursday, February 27th BEDC
hosted a special Thank You Reception to show appreciation to everyone that sponsored, participated in and supported Global Entrepreneurship Week (GEW) 2019. Everyone came together to celebrate all of their hard work, and get excited about BEDC's plans for GEW 2020.
Things You Should Know
Commencement Notice Employment Amendment Act: Worker's Compensation

We are circulating information concerning changes in Workers Compensation, affecting costs which come into effect April 1, 2020. The information below was kindly provided to us by the Bermuda Employers’ Council.

The Bermuda Government has decided to bring the Workers Compensation Amendment Act (‘the Act’) into force as of April 1, 2020. That Act was passed in 2011 but no commencement date was published in the Gazette after that time. The Act, among other amendments, amends S.8 (1) to state that the weekly earnings will be two thirds of the weekly earning of the worker at the time of the accident. There is no longer a cap since section S.8(1)(a) is deleted.
Please email  or call 331-5115 if you have any questions or comments.
Entrepreneur Article
Looking for a Business Idea? Turn What Other People...

The idea and launch of a business don't always happen through calculated effort and brainstorming. Sometimes, the inspiration comes on its own, when you least expect it to...

Read more
Partnerships & Opportunities
Summer Student Entrepreneurship Programme
Now Accepting Applications!
Calling all students! Want to start your own business this summer? Apply to be a part of the 2020 SSEP! 

The Summer Student Entrepreneur Programme (SSEP) is an eight-week programme designed to develop young Bermudians into the Island’s next wave of entrepreneurs. Participants ages 16 - 25 will learn practical business skills like, earning revenue, creating a business plan, conducting SWOT analysis, and much more! You’ll even get paid for attending each meeting! Interested students can apply online at 
Deadline Extended
Friday, March 13th
Request for Proposal:
Cooperative Legislation for Bermuda
BEDC is requesting proposals from qualified legal persons and firms to research and develop a legal policy on cooperatives leading to the creation of cooperative legislation for Bermuda so that cooperatives can be considered by entrepreneurs, companies, and business owners as a viable business model and legal structure for their enterprises. Vendor proposals must be submitted by 5pm Friday March 13th, 2020.

Following the link below to view the Full RFP.