The Bermuda Government is desirous of creating a cooperative eco-system in Bermuda and as such, appointed a Director of Economic and Cooperative Development in February 2018 within the Bermuda Economic Development Corporation. Since that time, the Director has involved the Island in continuous cooperative education and public engagement initiatives aimed at raising the awareness, knowledge, and skills of cooperatives. Now, in order to shore up and progress the cooperative framework, the BEDC and the Government believe specific cooperative legislation is needed.
BEDC is requesting proposals from qualified legal persons and firms to research and develop a legal policy on Cooperatives leading to the creation of legislation for Bermuda so that cooperatives can be considered by entrepreneurs, companies, and business owners as a viable business model and legal structure for their enterprises.