The Bermuda Business Development Corporation (BBDC) has completed its merger with Business Bermuda and the Insurance Development Council.
The BDCC completed all legal processes on 19 April when the members of Business Bermuda approved the merger of their organisation with the corporation.
The newly formed BDCC will focus on growing Bermuda’s economy, supporting international business and creating jobs. The merger means that all organisations, which have received funding from the government of Bermuda, are now united in the newly formed BBDC.
Caroline Foulger and David Cash have been elected chair and deputy chair of the BDCC board respectively.
“Change is never easy. We recognise that the past few months have been challenging as we have created a new organisation to transform the way Bermuda’s international businesses work together and with government to grow the economy,” said Foulger in a statement.
“This is a true public-private sector partnership that will chart a new more strategic, targeted and effective course for Bermuda to seize the opportunities and respond to the challenges we now face,” she added.
