Congratulations to everyone involved. Just watch our Hamilton Harbour this week as it fills up with boats and sailors of all shapes and sizes.

Securing these kinds of foil events is clearly propelling us into the 21st century and beyond. When these sailors have a wonderful experience in Bermuda they will be back if we spend the money.

Sailing is also shifting our corporate philanthropy and sponsorship to events that benefit our economy first and hopefully our people and environment as well. It is early days and I encourage everyone to adopt measurements that show how these investments benefits all of Bermuda – not the traditional select few.

As we know from 400 years of experience, unless you are a family member of the select few, trickle down economics is a false promise when you are seeking flow through economics.