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BDA releases 2021 end-of-year report

Economic investment opportunities created by the Bermuda Business Development Agency in 2021 included 13 economic investment certificate applications approved for a total investment of $236 million, the organisation reported today.

That was among the highlights of the work done last year by the BDA in service to its mission to encourage inward direct investment and economic growth for Bermuda.

Other examples of economic investment opportunities created by the BDA last year included the generation of 47 economic investment certificate leads, the addition of 1,464 new contacts who were engaged through BDA outreach, and the creation of 357 new leads, the organisation said.

David Hart, BDA CEO, said: “2021 saw the BDA implement initiatives and events to promote Bermuda as an ideal place to both work and live, bringing in critical investment to strengthen Bermuda’s economy and positioning the jurisdiction as a global leader.

“I was fortunate to join the BDA as CEO in late 2021 and from the moment I started I saw the tremendous work this agency does. The BDA continues to be a vital asset to Bermuda’s efforts to globally promote its advantages and bring business investment and opportunities to the island.”

The BDA said it delivered on its goals for 2021 by protecting and promoting Bermuda’s economic platform; sustaining and expanding existing business sectors; identifying and growing new business lines and sectors; strengthening Bermuda’s economic platform; and maintaining and increasing stakeholder engagement.

The BDA said it is proud of the impact its work in 2021 had in bringing direct economic investment and stimulation to Bermuda’s economy and looks forward to continuing these efforts in 2022.

For the press release and full report see related media.

David Hart, CEO of the Bermuda Business Development Agency (File photograph)

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Published March 23, 2022 at 7:27 am (Updated March 23, 2022 at 7:27 am)

BDA releases 2021 end-of-year report

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