Reports

Transparency. Commitment. Impact.

Home to a vibrant community built for everyone.

Transparency. Commitment. Impact.

Our promise is to serve the needs of our community by diversifying our economy, by creating a platform for innovation, and by providing meaningful opportunities for Caymanians and future generations to come.

We hope that the level of transparency demonstrates our commitment to proper Governance and the socioeconomic progress of the Cayman Islands. These reports aim to demonstrate our capacity as Caymanians to innovate and diversify our economic base, create resilience, offer immense value, and continue to distinguish our jurisdiction as a world-class hub for innovation.

Enterprise Cayman Annual Reports

Innovation thrives during difficult times and throughout 2020 we stepped up to the challenge brought on by the COVID-19 pandemic by offering dynamic, forward-thinking opportunities such as remote mentorship placements and regular online training experiences for Caymanians and residents alike.

2019 was a significant year for the development of Cayman Enterprise City (CEC) as a leading attractor of foreign direct investment , a facilitator of rapid economic diversification, and home to a dynamic network of innovators and entrepreneurs. In 2019, CEC launched new initiatives and made impactful programme expansions.

Cayman Enterprise City (CEC) has achieved a number of significant milestones in its development as a leading global free zone and catalyst in bringing new and innovative opportunities to Caymanians. CEC continues to prioritise quality experiences, develop innovative opportunities, and deliver first-rate programming.

Cayman Enterprise City Economic Impact Reports

Written by Marla Dukharan, global economist and leading advisor on Caribbean region economic performance initiatives, the report assesses the economic and socioeconomic impact of the CEC development project and demonstrates the project’s substantial impact on the Cayman Islands economy.

The large number of knowledge-based entrepreneurs who have established a physical presence within Cayman’s SEZs bring much sought after diversity to Cayman’s economy. In 2019, CEC’s total economic impact on the local economy is estimated to have exceed USD $50 million for the second year in a row.

In 2018 US $41.04 million was spent by SEZ companies to incorporate, register and set up operations. This figure includes attorney fees, expenditures on office operations, and real estate purchases. The indirect impact, in terms of money spent by SEZ employees has been conservatively estimated to be US $14.25 million in 2018.

Reports

Home to a vibrant community built for everyone.

Enterprise Cayman Annual Reports

Cayman Enterprise City Economic Impact Reports

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