Monthly News & Updates
February 2020 Issue
This Month at BEDC / The Highlights
Relief Continues: BEDC Covid-19 Emergency Relief Grant
The BEDC is providing short-term emergency grant relief to bars, nightclubs, members clubs, and restaurants economically impacted negatively by the most recent Public Health Closure notice issued by the Ministry of Health.

BEDC has set aside a total of $1M out of the $12M in Covid-19 funding support provided by the Government for this emergency relief. As is the case with all BEDC financial products, applications will be reviewed, and funds provided based on need.

BEDC Hosted Webinar:
Compete to Win!
On January 21st, BEDC hosted a webinar on what competition can teach you about how to do better business! Attendees also learned how to use competition to their benefit.

Featured local entrepreneurs:

Lyle Butterfield of Natures Gift Hair & Body
Jayde Gibbons of Queendom Heights
Catarina Rocha of Ela Group of Companies Genelle John of Salt Spray Co.
Phillip Jr. Bailey of Strykz Bowling Alley

A Quick Look at Our Stats!
Although we had a challenging year with Covid-19, entrepreneurial activity still took place. Entrepreneurs found creative ways to start, expand and pivot their existing businesses. These stats reflect number of new startups and jobs created by small businesses inclusive of those businesses in our three Economic Empowerment Zones (EEZS) in N.E. Hamilton, Somerset and St. George’s from the period Jan to Dec 2020
Things You Should Know
BEDC Covid-19 Business Support Page
We encourage you to browse the BEDC Covid-19 Business Support Page on BEDC's website. Here you will find documents, applications, articles & resources that may assist you at this challenging time.
Entrepreneur Article
3 Ways to Dominate Your Market

7 min read Opinions expressed by Entrepreneur contributors are their own. My area of expertise is in leadership development using the philosophy of Lean Six Sigma, in other words "process improvement strategies". Now join me on the journey I call ...

Read more
BEDC Product Brochure
BEDC offers a wide range of products to support Bermuda's entrepreneurs. Our products support the organisation’s key objective to assist the Government in encouraging economic growth for Bermuda’s local small and medium sized businesses.
BEDC Small Business Tool Box
The BEDC Small Business Tool Kit is a great source of information, applications, and resources needed throughout the entrepreneurial journey.
Book An Appointment
Need Further Assistance? Interested in how BEDC can
help you in these challenging times? Want to apply for one
of our products?
Upcoming Webinars & Events
Entrepreneurship 101
Understanding what it takes to start a business in Bermuda has never been easier. Join us for Entrepreneurship 101 & learn the basics of small business management.

Understand Bermuda legislation and how it impacts your business, build a budget to help identify start up expenses, & more. ⁠
Starting & Growing a Business
Learn what it takes to start and grow a business and get strategies for sustainability. ⁠
Topics include:⁠

- Pivoting in a Covid-19 world. ⁠
- Where and why to start a business⁠
- Navigating challenges, ⁠
- When to call it quits and start again⁠
Leveraging the GIG Economy
Join us to find out more about this new economy and how entrepreneurs are using technology to increase their workforce while reducing their overhead.
Financial Statements, Planning & Costing Using Quickbooks
Participants will learn the basics of reviewing and understanding financial statements in this eight-week course facilitated by Colina Outerbridge, the Business Data and Policy Analyst at BEDC. Designed for those who already know what business they want to start, but whom need help understanding how to manage cash flow and how to get started with QuickBooks . QuickBooks software included upon completing the course.
Happening in the Community
Ignite Bermuda: Co-Lab
Ignite is excited to announce the launch of the Ignite co-lab! They have some amazing plans for the space and so now it's time for market research!
That's where you come in - please complete this survey so that they can get a better idea of how you might want to use this space. Please know that they are looking to keep all options affordable as they know this will be a stepping stone between Ignite cohort/light and your own office/building/shop for many.
Here is the survey - please answer by the end of the week.  
SailGP Event:
Business & Job Opportunities
SailGP – the sports pinnacle league that is powered by nature and driven by purpose – is seeking the services of local companies with strong sustainability credentials to assist with the operation of the event.

Job seekers and entrepreneurs, visit the Bermuda Job Board to see what available opportunities exist in connection with the inaugural SailGP Bermuda Grand Prix presented by Hamilton Princess, April 24–25, 2021
Learn More About The 
WeHealth Bermuda App
To aid Bermuda in closely monitoring the local developments of the Coronavirus (COVID-19), the Government has launched WeHealth Bermuda, a new, free smartphone application that provides anonymous COVID-19 exposure notifications. It is one of the most sophisticated apps available anywhere in the world for helping to control the spread of COVID-19.

Download the WeHealth Bermuda app in either the Apple App Store or Google Play Store.
WEDCO: Commercial
Space Availability
Built by Royal decree to defend British superiority on the seas, the Royal Naval Dockyard has been transformed into Bermuda’s commercial cruise ship hub and largest, most visited on-island attraction allowing guests to authentically experience the local history, our vibrant culture and the excitement of new adventures! With a critical mass in excess of 10,000 people per day in the summer season; in addition to, panoramic views of the ocean, fast ferry links to Bermuda’s capital city of Hamilton, with its eclectic mix of retail and international business, and the old town of St. George, Bermuda’s former capital and UNESCO World Heritage site, Dockyard provides a plethora of opportunities to assist in taking your business to new heights. Now is your chance to be a part of history, while enjoying all the modern amenities your business requires!

With commercial and storage space availabilities, there has never been a better time to discuss the endless possibilities! For more information or further enquiries, please email WEDCO’s Business Development Team at
Tip & Support Articles
4 Key Habits All Successful Millionaires Have

Stay informed and join our daily newsletter now! 1 min read Opinions expressed by Entrepreneur contributors are their own. In this video, financial advisor Jeff Rose talks about the importance of daily practices and habits for achieving success....

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5 Business Survival Tips for 2021

The pandemic and everything related to it caught many business owners by surprise and, even worse, caused some businesses to fold. Yelp reported that permanent business...

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