HI HB454

Establishes state goals for economic diversification through four pathways: participation in the digital economy, strengthened trade activities, climate change mitigation activities, and import replacement through local manufacturing and agriculture

Appropriates unspecified amounts from general revenues for fiscal years 2025-2026 and 2026-2027 to fund 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 legislative sessions detailing program progress, outcomes, and effectiveness in meeting economic diversification goals

Allows appropriated funds to carry over between fiscal years, with any unencumbered money lapsing on June 30, 2028

Effective date of July 1, 2050 (placeholder date indicating amounts need to be determined)