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Established in the 1980s as a joint venture between the Government of Bermuda and 3 banks, the Bermuda Economic Development Corporation was previously known as the Bermuda Small Business Development Corporation.
We are committed to strengthening the economy and providing support, information and management skills to small business owners. We grant loans and other forms of financial assistance for launching, maintaining and expanding businesses. We also offer technical advice and maintain the island's register of small businesses. We are managed by a board of directors and are responsible for devising and executing corporate policy, as well as administering affairs. We aim to provide clarity on policies of Bermuda organizations and practices and increase transparency.
The Bermuda Economic Development Corporation aims to assist the development of a strong and well managed small business sector on island.