SB2586 amends Hawaii's enterprise zone program to expand eligible business activities and modify zone designation criteria.

SB2586 modifies Hawaii's enterprise zone program by expanding the definition of "eligible business activity" to include the production of agricultural products and the processing of such products. It also amends the criteria for designating enterprise zones, allowing the governor to approve up to eight zones per county, each located in one or more contiguous census tracts. These zones must meet specific economic criteria, such as having a population with incomes below 80% of the county's median family income or an unemployment rate 1.5 times the state average.

SB2586 amends Hawaii's enterprise zone program to expand eligible business activities and modify zone designation criteria.

SB2586 modifies Hawaii's enterprise zone program by expanding the definition of "eligible business activity" to include the production of agricultural products and the processing of such products. It also amends the criteria for designating enterprise zones, allowing the governor to approve up to eight zones per county, each located in one or more contiguous census tracts. These zones must meet specific economic criteria, such as having a population with incomes below 80% of the county's median family income or an unemployment rate 1.5 times the state average.