Establishes a grant program to support Hawaii businesses in expanding their trade and export activities.
The bill establishes a trade-oriented production capacity grant program within the Department of Business, Economic Development, and Tourism. The program aims to support capital investments that expand the state's manufacturing and production capacity for trade. It provides grants for equipment, automation, and facility upgrades that increase output, efficiency, and competitiveness for eligible businesses. The grants prioritize traded-sector businesses with demonstrated interstate or international market potential and require private-sector matching funds.
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