Hashtag: #ACEconomy

America’s Cup Bermuda ‘Legacy Impact Report’

America’s Cup Bermuda ‘Legacy Impact Report’

In addition to the PWC report, the America’s Cup Bermuda also released a 56-page ‘Legacy Impact Report’, saying that one of the aims of the event was to “ensure that Bermuda and its people can benefit from its legacy for many years to come.” The report’s executive summary said, ”The 35th America’s Cup provided Bermuda... Read more of this article

Dr Gibbons: ‘Significant Contribution Of AC35′

Dr Gibbons: ‘Significant Contribution Of AC35′

Former Minister Dr Grant Gibbons said that “as the OBA Government Minister with responsibility for the 2017 America’s Cup, I was pleased to read PWC’s independent assessment of the event, which clearly demonstrates the significant contribution AC35 made to Bermuda’s economy over the past three years and will continue to make well into the... Read more of this article

ACBDA: Event Cost $64.1M, Generated $336.4M

ACBDA: Event Cost $64.1M, Generated $336.4M

The cost of hosting the America’s Cup was $64.1 million, and it generated economic activity of $336.4 million, the America’s Cup Bermuda [ACBDA] said this afternoon [Nov 9], adding that the event came in “under budget” and the revenues “exceeded forecasts.” The 45-minute live video replay is belowThe ACBDA said, “The... Read more of this article

Dr Gibbons:  ‘Trump-Like Misinformation On AC’

Dr Gibbons: ‘Trump-Like Misinformation On AC’

It’s “unfortunate” that the new PLP government “continue to spin Trump-like misinformation about Bermuda’s highly successful financial management and hosting of the recent 35th America’s Cup,” Shadow Minister of Economic Development Dr Grant Gibbons said today. Premier Tables Supplementary Estimate Earlier today, Premier... Read more of this article

Premier: $12.69M In ‘Unbudgeted Expenditure’

Premier: $12.69M In ‘Unbudgeted Expenditure’

[Updated with video] Premier and Minister of Finance David Burt tabled a Supplementary Estimate in the House of Assembly today [Sept 15] detailing over $12.6 million he said was a “combination of unbudgeted expenditure items which were incurred by the previous administration” for the America’s Cup, World Triathlon Series, Casino Gaming... Read more of this article

CCS Group Named Official Supplier For AC35

CCS Group Named Official Supplier For AC35

CCS Group Limited announced its partnership with the 35th America’s Cup as an Official Supplier to the event. CCS Group, a Bermuda-based systems integrator and information technology company, will be the Official Information and Communications Technology [ICT] Supplier of the 35th America’s Cup. The company will be responsible for the networking,... Read more of this article

Video: Local America’s Cup Themed Products

Video: Local America’s Cup Themed Products

This week’s ‘Minute with Mikaela’ highlights local businesses offering America’s Cup themed products, saying there are about a dozen local businesses that have permission to sell products with the America’s Cup logo. During the Minute, Mikaela Pearman said, “They’re known as licensees and many have developed products specifically... Read more of this article

Column: Small Business Opportunities For AC

Column: Small Business Opportunities For AC

[Written by BEDC Chairman Nick Kempe] There is still the impression in the community that large amounts of financing will be needed to cash in on the numerous AC35 business opportunities. Far too many are operating under the belief that expensive equipment or guaranteed contracts are required to get in the game.However, there are a great number of... Read more of this article

PLP: ‘Programs Should Have Started Long Ago’

PLP: ‘Programs Should Have Started Long Ago’

With only two months until the America’s Cup, the PLP “encourages entrepreneurs to take advantage of this last minute program, if you can,” Shadow Tourism Minister Jamahl Simmons said, adding that “planning and programs like this should have started long ago to ensure benefits are spread widely.” Mr Simmons did not refer... Read more of this article

BEDC Offering Loans To Help Meet AC Demand

BEDC Offering Loans To Help Meet AC Demand

The Bermuda Economic Development Corporation [BEDC] has allocated $300,000 in funds for small, short-term loans – $2,000 to $20,000 – to facilitate local business opportunities developing or expanding as a result of the America’s Cup being held in Bermuda between May and June 2017. The “BEDC Local Biz Opps Micro Loan Product”... Read more of this article

Sancha Durham: “It Is An Honour To Be A Part”

Sancha Durham: “It Is An Honour To Be A Part”

Sancha Durham is the Events & Business Support Coordinator for the America’s Cup Event Authority. [ACEA]. She was the first Bermudian hired by ACEA back in March 2015 as the Office Manager, but later promoted to her current role working closely with Sir Russell Coutts and his Personal Assistant, Alejandra Mato. Ms Durham’s responsibilities... Read more of this article

80 Minute Video: AC Entertainment Info Session

80 Minute Video: AC Entertainment Info Session

The America’s Cup Bermuda [ACBDA] held the fourth in a series of information sessions this evening, with the meetings designed to assist local business owners and entrepreneurs who are interested in business opportunities during the America’s Cup this summer. The 80-minute live video replay of this evening’s ACBDA Entertainment Information... Read more of this article

Eugene Dean On “Opportunities That Will Arise”

Eugene Dean On “Opportunities That Will Arise”

The Emperial Group was announced as one of America’s Cup Bermuda’s Community Ambassadors earlier this month, and Eugene Dean said he’s looking forward to the “opportunities that will arise for new business and the confidence that will spread throughout our community when we remind ourselves once again what we can accomplish in Bermuda... Read more of this article