Every jurisdiction needs a blueprint for future economic growth and development and the Chamber of Commerce’s Future of Cayman initiative is a bold and ambitious attempt to co-ordinate both public and private sector input to ensure that Cayman’s current economic success is sustainable and secure for the long term. Through extensive consultation with the public and private sectors, the Chamber under the Future of Cayman initiative, has identified five main drivers of Cayman’s economy - developing talent, creating a business-friendly environment, building a smarter infrastructure, diversifying the economy and building a better quality of life. These were considered the most critical areas of life that needed addressing if we are to maintain our prosperous way of life in the future.
In 2010 a Future of Cayman Forum was held that saw discussion groups comprised of subject experts carefully analyse each main driver. From these discussions, objectives were determined and action points formulated by which the objectives would be met. In 2012 the second Future of Cayman Forum was held, this time a public forum that saw experts discuss two drivers that were felt to be the most critical to Cayman’s future development: developing talent and building a smarter infrastructure. Much discussion and analysis took place and the findings are helping to shape the initiative moving forward, however there is still a great deal of work to be done to ensure that the Cayman Islands economy continues on its successful upward trajectory. The Chamber of Commerce encourages everyone to come on board and ensure the success of the initiative.