Bill > SB3049

This bill establishes the Trade-Oriented Production Capacity Grant Program within the Department of Business, Economic Development, and Tourism to address a softening economy by supporting businesses that manufacture or produce goods for trade outside of Hawaii. The program will provide grants for one-time capital investments, such as new equipment, automation, or facility upgrades, that directly increase a business's output, efficiency, and competitiveness. To ensure fiscal responsibility and leverage state funds, grant recipients will be required to provide matching funds from their own resources, and priority will be given to businesses with the potential to sell their products to other states or countries, aiming for measurable near-term economic benefits and job growth. The bill also appropriates funds for the program and specifies that it will take effect on July 1, 2026.

Business and Industry

https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=SB&billnumber=3049&year=2026