Home Affairs Minister Michael Fahy will oversee the second Economic Tripartite Retreat ­— aimed at the local business, hospitality and union sectors — which takes place at the Elbow Beach Hotel on Monday.

This year’s theme will be entitled “Encouraging Inward Investment”.

It’s expected that some 80 representatives will attend.

“The public will recall that last year the Ministry held a similar two-day tripartite retreat aimed at finding solutions to ease the economic hardship faced by Bermudians during tough economic times,” said a Government statement.

“This year Minister Fahy, who is also the Chairman of the Economic Tripartite Committee, will facilitate a meeting agenda that will focus on how to stimulate growth in Bermuda.”

“We want to have an open and frank conversation about where we are economically and what we can reasonably expect to achieve in the months ahead,” Mr Fahy said. “So it’s hoped that this retreat will enhance our communication and the critical working relationships among the Unions, Government and Business as we all work together to move the country forward.”

In the first session of the day, the Ministry of Economic Development will be discussing efforts to enhance investor interest in Bermuda through the Bermuda Business Development Agency as well as Telecoms, Energy and E-Commerce.

“Minister Fahy, who has responsibility for the Ministry of Home Affairs will be addressing the positive economic indicators he has seen in his Ministry over the past nine months as well as speak to the recently released Work Permit Policy document,” added the statement.

“The Minister of Community, Culture and Sports Wayne Scott, will address the Social Programmes and Government Initiatives within his Ministry, whilst the Minister of Finance will be touching on the economy and SAGE. All sessions will focus on the theme of stimulating economic growth.

“It is anticipated that representatives from the following organisations will be in attendance; the Bermuda Trade Union Congress, the Bermuda Hotel Association, the Bermuda Construction Association, the Bankers Association, the Chamber of Commerce, members of the Opposition, the Bermuda Employers Council, ABIC, ABIR, the local insurance companies, to the representatives of the Municipalities among others”.

Mr Fahy added: “I am quite pleased at the varied cross section of those who have confirmed their attendance and I look forward to a fruitful day of dialogue regarding the way forward for Bermuda”.