Monthly News & Updates

June 2024 Issue


Upcoming

Courses & Events

International Cooperatives Day

Saturday, July 6, 2024

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Social Media Mastery

Thursday, July 11, 2024

Online Webinar / 12:30 pm - 2 pm

Learn more


Summer Student Entrepreneur Program Launch Event

Friday, July 19, 2024

City Hall Lawn / 11 am - 2 pm

Learn more


Steps for Registering Your Business

Thursday, July 25, 2024

BEDC Training Room

12:30 pm - 2 pm

Learn more

VIEW ALL COURSES & EVENTS

Bermuda Business Spotlight

This month, we're highlighting Keile Rabain of Summer by Keile. who recently joined the 2024 Enterprise Bermuda Incubator (EBI) cohort. This 12-month incubation program guides participants through a detailed process, helping them move from ideas to actual business operations. Summer by Keile is a swimwear and apparel brand designed and made in Bermuda using high-quality quality, ethically sourced fabrics made for men and women of all shapes and sizes.


Learn more about Summer by Keile!

Did You Know?


BEDC offers a wealth of resources and documents on our website that are invaluable for your business journey.


This month, highlight the Personal Income Statement. This simple yet powerful document details an individual's financial status, breaking down income and expenditures. Crafted to be easy to read, it helps you keep an eye on your money, enhancing decision-making skills. By giving you a clear picture of your money coming in and going out, it helps you plan better and make sure your business can grow.

DOWNLOAD

Mind Your Business Podcast


Tune in to find out how to mind your business with BEDC, special guest entrepreneurs, industry experts and more. This month we featured:



Marcus Simons-Rewan, Special Misfits


Simon Glass, Qodeo


Shervonne Hollis, Unique Global Events and Services


Joyce Hayward, Fusion 4 Business



WATCH HERE

Book an Appointment


Interested in how BEDC can help you in these challenging times? Want to apply for one of our products? All appointments are completely confidential and complimentary. Book a free consultation with one of our officers today!

BOOK NOW

BEDC How-To Guides


Are you looking to start a business in Bermuda but don't know where to begin? Let our How-To Guides help you! BEDC has curated a host of industry specific guides that outline specific information, requirements and the necessary processes for getting your business off the ground. 

LEARN MORE

BEDC Product Brochure


BEDC offers a diverse range of products to support small businesses. From loan guarantees and micro-loans to payroll tax relief and vendor market programs, we provide the financial and technical assistance needed to help businesses grow.

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ByBermuda


Looking to get your business online? Join the ByBermuda virtual market today! It's a unique opportunity to showcase your business online, accept online payments without any cost, and connect with a wider audience. All at no charge to you. Sign up now!

SIGN UP

Payroll Tax Reminder (July 15th Deadline)


Just a friendly reminder: Payroll Tax e-filings are due soon! Keep your business on track and avoid late fees by submitting before July 15th. Please visit the Office of the Tax Commissioner's site by clicking the button to e-file.

CLICK HERE

This Month at BEDC / The Highlights

Micro, Small, Medium-sized Enterprises (MSME) Day


On June 27th, the BEDC celebrated MSME Day from 11 AM to 7 PM at their North East Hamilton and St. George's Incubator hubs. Attendees explored the BEDC, learned about various products, and supported Bermuda’s Micro, Small, and Medium-Sized Enterprises (MSMEs). This event highlighted the crucial role these businesses play in driving innovation and contributing to the local economy, fostering a sense of community and appreciation for their efforts.

Enterprise Bermuda Accelerator Graduation Ceremony


On June 25th, BEDC celebrated the graduation of five entrepreneurs from the Enterprise Bermuda Accelerator at Bella Vista. The graduates honored were Joyce Hayward of Fusion 4 Business, Dr. Susann Smith of Vet Smith, Aisha Trott of Soap Sudz, Sharrieff Wales and Jane Ellis of Champs Variety, and Ahmani Peets of Ahmani’s Cookies. The event marked the successful completion of the program, highlighting their achievements and dedication to growing their businesses.

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Happening in the Community

Summer Sunday: City Funday!


The Corporation of Hamilton invites everyone to Summer Sunday at Victoria Park. Enjoy live entertainment, fair games, food vendors, inflatables, a ‘cool down’ zone, food eating contests, a charity dunk tank, and more.


Performances by Tino Martinez Quartet, H&H Gombeys, and DIA. Hosted by Ed Christopher and Power Girl, Patrina O’Conner, with music by DJ Mystro. Free admission. Don’t miss the fun!

LEARN MORE

BEDC Monthly Product Spotlight

New Startups Payroll Tax Relief

The EEZ Customs Duty Deferment allows business and property owners in Economic Empowerment Zones to delay their customs duty payments for up to five years. This is not a duty waiver; you'll still need to pay the full amount eventually. Note that this deferment applies only to import duties and not to other fees like wharfage, which must be paid on time.

LEARN MORE
Tip & Support Articles

5 Tips for Pitching a Winning Business Idea | Entrepreneur

Discover how to create and deliver a compelling business pitch to investors with five key steps.

Read More

How Keeping Things Simple Helps Your Company Innovate and Grow | Entrepreneur

How simplifying processes, communications and product development can lead to better outcomes and substantial business success.

Read More

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