Bill > SB817

This bill requires the Department of Business, Economic Development, and Tourism (DBEDT) to establish an out-of-state office in the Philippines, recognizing the significant economic and cultural ties between Hawaii and the Philippines. The bill is motivated by the fact that Filipinos represent approximately 25% of Hawaii's population and play crucial roles across various economic sectors. The legislation aims to enhance economic development by assisting small businesses, expanding trade opportunities, and promoting cultural exchanges between Hawaii and the Philippines. To support this initiative, the bill appropriates funds from the state's general revenues for fiscal years 2025-2026 and 2026-2027 to cover the costs of establishing and operating the new overseas office. The office will be established in accordance with section 201-81 of the Hawaii Revised Statutes, with the goal of fostering stronger economic partnerships and mutual benefits. While the bill's provisions take effect on July 1, 2050, the funding and office establishment are planned for the near future, specifically the 2025-2027 period.

Budget and Finance, Business and Industry

https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=SB&billnumber=817&year=2025