Establishes a trade-oriented production capacity grant program to support Hawaii's manufacturing and production capacity for trade.
The bill establishes a trade-oriented production capacity grant program within the Department of Business, Economic Development, and Tourism. The program aims to support one-time capital investments that expand the state's manufacturing and production capacity for trade, enabling local businesses to reach export markets and deliver measurable economic returns. The grants will fund equipment, automation, and facility upgrades that increase output, efficiency, and competitiveness.
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