Economic Development Programs & Policy

Government of Bermuda

Economic development strategies — Hamilton, Bermuda

Bermuda

The Government of Bermuda approved a purchase agreement for a foreign-owned financial institution to purchase a local firm, based on a new policy to allow foreign companies to purchase greater than a 40% interest in local firms. RESGroup, working with P. G. Corbin & Company, assisted the Cabinet in negotiating the terms of a community and economic development agreement with the company to ensure long-term economic stability and job retention for its citizens.