Economy - PLP Accomplishments

  1. Formed a Bermuda First Advisory Group consisting of local and international business and community leaders to develop a long-term economic and social plan for Bermuda. 
  2. Created a Tax Reform Commission which made recommendations to parliament on revenue and tax reform that make our tax system fairer and enhance Bermuda’s international competitiveness to increase the number of jobs based in Bermuda.
  3. Established an Economic Development Department to identify new opportunities for economic development and diversification.
  4. Followed the recommendations of the Tax Reform Commission and have increased collection of outstanding funds owed to the Government.
  5. Appointed a Director of Cooperative Economics at the Bermuda Economic Development Corporation.
  6. Worked to brand Bermuda as a progressive, cutting-edge cooperative development ecosystem.
  7. Increased local awareness and promoted cooperative economics through public forums and ensured that all relevant cooperative development information is easily accessible.