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Bermuda Economic Development Corporation
Government Relations Services
Hamilton, NA 1,049 followers
Supporting New & Existing Businesses | Education, Guidance, Advocacy, Networking, Financing and More
Über uns
The Bermuda Economic Development Corporation (BEDC) was established in 1980 as the Bermuda Small Business Development Corporation. This joint venture between Bermuda’s banks and the Government was formed to actively assist the development of a strong, well managed and prosperous small business sector in Bermuda. In 2011, the BSBDC Act was amended to expand its remit. As a result the BSBDC changed its name to BEDC to encompass its expanded legislation. Under the new legislation the Corporation performs the following functions: the granting of loans or other forms of financial assistance, to assist persons in establishing, carrying on or expanding small businesses, medium-sized businesses and entities within economic empowerment zones; the provision of technical advice or assistance to persons who are seeking or who are granted financial assistance; to operate and manage markets; to oversee and manage the development and implementation of the economic empowerment zones; and the maintenance of a Register of Small Businesses, Medium-Sized Businesses and Economic Empowerment Zone Business Entities, Defining a “Small Business” Under the BEDC Act 2011, a “Small business” is defined as: Bermudian – owned and managed, operating locally, having an annual gross payroll not exceeding five hundred thousand dollars ($5000,000) and having annual sales revenues of less than one million dollars ($1,000,000). Defining a “Medium Sized Business” Under the BEDC Act, a “medium sized business” is Bermudian owned & owner operated – business enterprise with at least three of the following attributes: Gross annual revenues between $1 million and $5 million Annual payroll between $500K and $2.5 million A minimum of 11 and a maximum of 50 employees In operation for a minimum of 10 years Net Assets of less than $2.5 million
- Website
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http://www.bedc.bm
External link for Bermuda Economic Development Corporation
- Industrie
- Government Relations Services
- Größe des Unternehmens
- 2-10 Mitarbeiter
- Hauptsitz
- Hamilton, NA
- Typ
- Government Agency
- Gegründet
- 1980
Standorte
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Primäre
48 Church Street
1st floor
Hamilton, NA HM 12, BM
Employees at Bermuda Economic Development Corporation
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Jamillah Lodge
Communication & Development Director at Bermuda Economic Development Corporation
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Shivani Seth
International Style Consultant | Business Podcaster
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Keitha Caines (Trott), MBA, CPA
Accounting | Bookkeeping | Organizational Leadership | Payroll | Business Administration | Budgets | Finances
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Richard Augustus
Technology Professional
Aktualisierungen
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Did you miss the live podcast? No worries! Watch our latest episode, where Jamillah Lodge chats with Shawn Simmons, aka Mr. Fotogenik. Hear about his entrepreneurial journey through Bermuda’s creative scene and discover how he balances comedy, photography, and videography while building a successful brand. Watch here https://lnkd.in/eNF7Bp8E.
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BEDC Monthly | Exciting August Highlights at BEDC! Discover what’s been happening at BEDC this August: from webinars and programs to inspiring Bermuda Business Spotlights and upcoming events. Stay updated with all our latest activities right here -> https://conta.cc/3XnrDqJ!
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Generative AI is transforming industries fast. McKinsey warns that businesses not embracing AI could be obsolete in 3 years. Don’t get left behind—learn how to adapt and thrive. CLICK HERE to learn more! https://lnkd.in/g3htvXBY
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Tune in to today’s Mind Your Business - https://lnkd.in/eNF7Bp8E. This week, Jamillah Lodge chats with Shawn Simmons, aka Mr. Fotogenik. Hear about his entrepreneurial journey through Bermuda’s creative scene and discover how he balances comedy, photography, and videography while building a successful brand.
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Ready to start your own business in Bermuda? Join our 8-week course to learn everything you need to launch successfully—from business plans to budgets. Classes run Sept 24 - Nov 12, every Tuesday evening. . Early Bird: $292 (until Sept 8). Limited spots available—sign up here https://lnkd.in/eKVftDYY.
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An annual financial plan is key, but mid-year check-ins are crucial. By June, review your business's performance and adjust for the rest of the year. Ready to dive in? CLICK HERE to learn more! https://lnkd.in/gxPw-bqr
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Be sure to catch our new podcast episode this Thursday at 4 p.m. on YouTube or Ocean 89 where Jamillah Lodge chats with Shawn Simmons, aka Mr. Fotogenik. Hear about his entrepreneurial journey through Bermuda’s creative scene and discover how he balances comedy, photography, and videography while building a successful brand.
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Did you miss the live podcast? No worries! Watch our latest episode, where Kelsea chats with Dr. Dana Selassie and Jasmyn Swali of Buquila Bermuda. Hear about their entrepreneurial journey through the Enterprise Bermuda Incubator and discover their unique elixir that blends traditional tequila techniques with rich coffee culture. Watch here - https://lnkd.in/e5q69q2h.
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Join us for our webinar, “AI Essentials: Driving Business Productivity and Innovation,” and discover how AI can revolutionize your work. Learn to use tools like ChatGPT to enhance efficiency, decision-making, and growth. Whether you’re just starting out or scaling up, this session, facilitated by Amrita Bhalla, GPHR at A.B Consulting HR, offers practical insights to elevate your business. . The webinar costs $30 for the general public and $25 for BEDC registered businesses. To register, click - https://lnkd.in/e3bE2UTx.
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