Bill > HB1011

This bill makes several modifications to Hawaii's Technology Development Corporation programs to support small businesses and manufacturers. It increases the cap for Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) grant applications from $3,000 to $6,000, allowing businesses to receive more financial assistance when applying for federal grants. For the Manufacturing Development Grant Program, the bill expands eligible expenses to include training on both new and existing manufacturing equipment and adds the purchasing of renewable energy systems as a fundable item. Specifically, manufacturers can now receive grants for buying renewable energy technology systems like photovoltaic equipment to reduce energy costs. However, the bill explicitly prohibits businesses from claiming tax credits for renewable energy systems purchased through this grant program, preventing double benefits. The changes aim to provide more flexible support for Hawaii's technology and manufacturing sectors by offering broader financial assistance and incentives for equipment upgrades and energy efficiency improvements.

Business and Industry

https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=HB&billnumber=1011&year=2026