SB505

Hawaii SB505 mandates a study on the impacts of minimum wage increases on small businesses and the state's economy.

Hawaii SB505 requires the Department of Business, Economic Development, and Tourism to conduct a comprehensive study on the effects of minimum wage increases on small businesses and the state's economic health. The study will examine impacts on operating costs, hiring practices, employee retention, and business viability. It will also assess variations among counties and industry sectors, and the state's economic competitiveness. The department must submit a report with findings and recommendations to the legislature before the 2026 session.