Curated News
By: NewsRamp Editorial Staff
February 05, 2025

Bermuda Business Development Agency Launches Investment Promotion Agency Model

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Source News Release

TLDR

  • BDA launches Investment Promotion Agency model to attract high-value FDI, strengthening Bermuda's global investment position.
  • BDA's IPA model focuses on delivering economic outcomes through data-driven strategies, key metrics, and sector-specific business development.
  • BDA's IPA model aims to diversify the economy, boost GDP, and create opportunities for growth and success in Bermuda, benefiting residents.
  • Career executive Kendaree Burgess leads BDA's bold transformation towards successful implementation of IPA model, driving tangible economic growth.

Impact - Why it Matters

This news matters as the BDA's adoption of the IPA model signifies a significant step towards attracting FDI, creating jobs, and bolstering Bermuda's economy. The strategic shift towards measurable outcomes and data-driven strategies, under Kendaree Burgess's leadership, aims to position Bermuda as a premier global investment jurisdiction, fostering long-term partnerships and economic growth.

Summary

The Bermuda Business Development Agency (BDA) is transforming its strategy with the launch of an Investment Promotion Agency (IPA) model, focusing on attracting high-value Foreign Direct Investment (FDI) to drive economic growth. Managing Director Kendaree Burgess is leading this shift towards measurable outcomes and data-driven strategies, positioning Bermuda as a premier global investment destination.

The BDA has reinforced its leadership team with industry veterans to drive targeted market engagement. With a new Stakeholder Relationship Manager role, the agency aims to deepen engagement with local industries and promote reinvestment in Bermuda. The IPA model aims to prioritize sectors with high potential for economic diversification and sustainable growth.

Source Statement

This curated news summary relied on this press release disributed by News Direct. Read the source press release here, Bermuda Business Development Agency Launches Investment Promotion Agency Model

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