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HI SB2808
Bill
AI Summary
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Appropriates $500,000 from general revenues for fiscal year 2022-2023 to support the state small business credit initiative program.
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Directs the Hawaii Technology Development Corporation to expend the appropriated funds for the state small business credit initiative program.
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Establishes that the federal program will provide over $56,000,000 in capital assistance to Hawaii small businesses, with potential to leverage more than $600,000,000 in total capital and investment through private matching requirements.
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Intended to help small businesses sustain and grow during economic recovery from the COVID-19 pandemic.
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Takes effect on July 1, 2022.
Legislative Description
Relating To The Hawaii Technology Development Corporation.
Appropriation ($)
Last Action
Act 192, on 06/27/2022 (Gov. Msg. No. 1293).
6/27/2022