Committed to moving forward together
Bermuda is moving through a period of economic stimulation. There are many projects that are active, or are about to commence, which promise to revitalise the economy through the creation of jobs. It was this government's promise to rebuild our island economy and to bring jobs and careers back to our home. We are doing that and those opportunities are now available.
Not only are employment opportunities becoming available through these projects, but many residents from east to west are benefiting from rental income from contract workers who are now residing in Bermuda.
The America's Cup project has provided hundreds of jobs in construction and reconstruction — the amount of work that has taken place in Dockyard is phenomenal. The majority of this work has been done with Bermudian companies. Hundreds of workers are building the America's Cup Village, renovating historic buildings, paving roads and so on. This global event has also created numerous entrepreneurial opportunities and jobs for Bermudians.
Likewise, the airport and the St George's hotel projects are now beginning to create hundreds of jobs. These two major projects promise to inject hundreds of millions of dollars into our economy. The Department of Workforce Development is in the process of assisting those unemployed or underemployed to take advantage of these two great opportunities. If you find yourself or know of anyone in these categories, please contact them today. All Bermudian workers will be extremely proud one day to tell their children and grandchildren that they were a part of these significant projects.
Additionally, the economic benefit to retailers in St George's will continue with the added ferry lift from Dockyard to the Olde Towne. Further, the 16 cruise ships that will visit St George's this year will provide an economic windfall for retailers in the town. This undoubtedly will assist more Bermudians with finding employment in St George's to cope with the added demand.
The Ritz Carlton Reserve at Caroline Bay, The Loren, Surf Side, Coral Beach and Hamilton Princess are other projects that this government has incentivised to move forward. In an effort to create jobs, we encouraged direct inward investment to assist moving Bermuda in a forward direction after years of decline and stagnation.
This government has successfully guided Bermuda out of the economic doldrums and continues to create opportunities for all Bermudians. The two-track strategy of reducing government expenses and incentivising direct inward investment has begun to bear fruit.
The economic and social challenges that we faced in the early years of our administration were deep and complex. Because of this, we were not able to create the amount of employment opportunities and turn around the economy as quickly as we would have liked.
However, we continued to push harder and harder to create an environment to increase job opportunities for Bermudians. Those opportunities are now here and it is my hope that Bermudians who are unemployed or underemployed will seek the many jobs that are now available.
As we look into the near and long-term future, Bermuda still requires the guidance of leaders who are fiscally prudent and who have a keen knowledge of how our economy works. There is also the requirement of leadership that will continue moving our island and our economy forward.
This government has provided Bermuda with a lifeline to continue moving our economy in the right direction. There is no doubt that under the previous government we were heading in the wrong direction, with rising unemployment, rising crime and increased foreclosures on our homes. We had a mammoth task in front us and, five years later, it is our belief that we have laid a solid foundation upon which we can build. What we will be asking whenever an election is called is that the One Bermuda Alliance government be provided an opportunity to continue on the path to move Bermuda forward.
The Opposition wants to be elected with a platform called Vision 2025. This means that its ideas, goals and vision for Bermuda will take two terms in office to complete.
Ultimately, you, the voter, will have to decide: do we continue moving forward to fiscal responsibility with the OBA or do we go backwards to fiscal mismanagement with the Progressive Labour Party?
•Vic Ball is a government senator and senate spokesman for education and home affairs