Bill > HB1407

This bill requires the Department of Business, Economic Development, and Tourism (DBEDT) to establish a Chamber of Commerce Competitive Grant Program to support business innovation and economic development in Hawaii. The program will provide grants up to $100,000 to qualifying chambers of commerce that serve at least 300 businesses and have raised at least one-fifth of the requested grant amount. To be eligible, chambers of commerce must meet specific criteria, including compliance with non-discrimination laws and demonstrating plans for entrepreneur development. Grant recipients must provide a $1 match for every $5 received and use the funds for activities such as mentoring, workshops, and skill development for entrepreneurs, with potential use for critical needs like staffing and technology upgrades. Applicants must submit detailed proposals outlining measurable outcomes, including the number of new businesses created and skills developed. The department will review applications, establish an appeals process, and require annual reporting on fund usage. The bill appropriates funds for fiscal years 2025-2026 and 2026-2027 to support this new grant program, with the goal of bolstering local economic growth and entrepreneurship.

Budget and Finance, Business and Industry

https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=HB&billnumber=1407&year=2025