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THE SENATE |
S.B. NO. |
1289 |
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THIRTY-SECOND LEGISLATURE, 2023 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
RELATING TO THE HAWAII TECHNOLOGY DEVELOPMENT CORPORATION.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
"(b) The development corporation may provide
grants to any business in Hawaii that:
(1) Receives a federal small business innovation research phase I or II award or contract from any participating federal agency, up to fifty per cent of the amount of the federal award or contract;
(2) Receives a federal small business technology transfer program award or contract from any participating federal agency, up to fifty per cent of the amount of the federal award or contract;
(3) Receives a federal small business innovation research phase III or small business technology transfer program phase III award or contract, up to fifty per cent of the amount of the award or contract funded by private sector or government sources outside of the program; or
(4) Applies
for a small business innovation research federal grant or a small business technology transfer program federal grant, in
an amount not to exceed [$3,000,] $6,000,
subject to the
availability of funds."
SECTION 2. Section 206M-15.1, Hawaii Revised Statutes, is amended by amending subsection (a) to read as follows:
"(a) There is established the manufacturing
development program, through which the development corporation may provide
grants to any business in Hawaii that is a manufacturer in the State and
requires assistance for any of the following items:
(1) Purchasing of
manufacturing equipment;
(2) Training of employees
on the use of new or existing manufacturing equipment;
(3) Improving existing
energy efficiency manufacturing equipment or the purchase of improved energy
efficiency equipment in the manufacturing process; [or]
(4) Purchasing of
renewable energy systems, including photovoltaic, for the purpose of reducing
manufacturing energy costs; or
[(4)] (5) Studying or planning the implementation of a
new manufacturing facility;
provided that no grant shall exceed twenty per cent of the cost of any of
the above items, and no company shall receive a grant exceeding $100,000 in any
given year."
SECTION 3. Statutory
material to be repealed is bracketed and stricken. New statutory material is underscored.
SECTION 4. This Act shall take effect upon its approval.
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INTRODUCED BY: |
_____________________________ |
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BY REQUEST |
Report Title:
Hawaii Technology Development Corporation; Small Business Innovation Research Grant Program; Small Business Technology Transfer Grant Program; Manufacturing Development Grant Program
Description:
Increases the cap for awards to assist businesses applying for the Small Business Innovation Research Grant Program and the Small Business Technology Transfer Grant Program. Adds purchasing of renewable energy systems as an eligible expense and clarifies that training on both new and existing manufacturing equipment is an eligible expense for the Manufacturing Development Grant Program.
The summary description
of legislation appearing on this page is for informational purposes only and is
not legislation or evidence of legislative intent.