3 April 2023Analysis

BDA releases end of year report

The Bermuda Business Development Agency (BDA) has released its 2022 End of Year Report.

The BDA underlined that its purpose is to promote and protect, in collaboration with government and the private sector, sustainable and equitable economic growth, diversity and prosperity in Bermuda.

The BDA’s report captures some of the highlights of its efforts to promote what it described as: “Bermuda’s unique attributes in targeted overseas markets, attract foreign direct investment, stimulate job growth, and create opportunities for Bermudians.”

“2022 was a watershed year for the BDA,” said David Hart, chief executive of the BDA. “In March 2022, despite ongoing social and economic uncertainties raised by the COVID-19 pandemic, the BDA successfully organised Bermuda’s first large in-person conference on island since 2019, our inaugural Bermuda Risk Summit.

“As the world began to carefully re-open in 2022 after a forced two-year travel hiatus, the BDA organised business development missions from San Francisco to Singapore, and most major financial services markets in between (including New York, London, and Toronto). We also launched the inaugural Bermuda Climate Summit. As the BDA celebrates its tenth anniversary on April 1, 2023, we look forward to continuing to use our unique skillsets to help build and bolster Bermuda’s economy for future decades to come.”