HI HB454

Establishes state goals for economic diversification aligned with four priorities: digital economy participation, strengthened trade activities, climate change mitigation, and import replacement.

Appropriates funds (amounts to be determined) to the Hawaii Technology Development Corporation for fiscal years 2025-2026 and 2026-2027, distributed among the Hawaii small business innovation research program, manufacturing assistance program, and accelerator programs.

Requires the Hawaii Technology Development Corporation to submit annual reports to the legislature before the 2026, 2027, and 2028 regular sessions detailing program progress, outcomes, effectiveness in achieving stated goals, and recommendations.

Allows appropriated funds to remain available beyond the fiscal biennium, with all unencumbered funds lapsing on June 30, 2028.

Effective date is July 1, 2050.