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HI HB1069

Bill

Official Source

Status

Passed

7/8/2015

Primary Sponsor

Derek Kawakami

Click for details

Origin

House of Representatives

2015 Regular Session

AI Summary

  • Expands Hawaii's small business innovation research program to provide matching grants for businesses receiving federal Small Business Innovation Research (SBIR) phase II and III awards, in addition to the existing phase I support.

  • Authorizes the Hawaii Development Corporation to provide grants up to 50 percent of the amount of federal SBIR phase I, II, or III awards or Small Business Technology Transfer program awards.

  • Appropriates $2,000,000 from general revenues for fiscal year 2015-2016 to fund matching grants and loans for phase II and III awards.

  • Aims to help Hawaii high-technology companies commercialize research, diversify the local economy, reduce brain drain, and retain military investment in the state.

  • Takes effect on July 1, 2015.

Legislative Description

Small Business Innovation Research Awards; Technology; Appropriation ($)

Last Action

Act 216, 07/07/2015 (Gov. Msg. No. 1317).

7/8/2015

Committee Referrals

Ways and Means3/27/2015
Economic Development and Technology3/10/2015
Finance2/9/2015
Economic Development & Business1/29/2015

Full Bill Text

No bill text available