214: The Bermuda Triangle of Economic Development with David Parker
About this episode
Dane Carlson interviews David Parker about Bermuda's economic development strategies and its unique alignment of government, regulators, and the private sector.
In this episode of the Econ Dev Show, Dane Carlson talks with David Parker of the Bermuda Business Development Agency about how a small island became a global powerhouse in reinsurance and is now strategically diversifying its economy. David explains Bermuda’s unique “triangle” of government, regulator, and private sector alignment, the role of regulatory innovation like sandboxes, and how the agency targets the right companies using data and intelligence. The conversation explores investment attraction, high-net-worth migration programs, and why Bermuda focuses less on competing broadly and more on being the obvious choice for specific industries and business models. Like this show? Please leave us a review here — even one sentence helps! 10 Actionable Takeaways for Economic Developers Focus on becoming the best location for a specific niche instead of competing broadly. Align government, regulators, and private sector around a shared vision to create a unified value proposition. Use data and intelligence to target companies that are a strong fit rather than marketing to everyone. Build strong aftercare programs so existing companies become your best ambassadors. Develop…
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