RELATING TO ECONOMIC DEVELOPMENT.

2025 Regular Session Introduced by Stanley Chang and 6 co-sponsors

SB 989 streamlines application processes for small businesses in Hawaii, enhancing access to resources and technology support to boost economic growth and innovation.

Senate Conferees Appointed: DeCoite Chair; Wakai, Hashimoto Co-Chairs; Awa.

#appropriations($) #facilitatedapplicationprocess #htdc #portal #projectmanagementsoftware #report #smallbusinesses #technologyenablement

Purpose and Intent

Senate Bill 989 (SB 989) aims to enhance economic development in the state by facilitating a more efficient application process for small businesses and technology initiatives. The bill seeks to empower the Hawaii Technology Development Corporation (HTDC) and improve project management through the implementation of a dedicated portal and software solutions.

Key Provisions

Appropriations: The bill includes provisions for financial appropriations to support the initiatives outlined within it, although specific dollar amounts are not detailed in the current version.

Facilitated Application Process: SB 989 proposes to streamline the application process for small businesses seeking assistance from HTDC, making it easier for them to access resources and support.

Technology Enablement: The bill emphasizes the need for technology enablement, which may include the development of new software tools and platforms to assist small businesses in project management and operational efficiency.

Reporting Requirements: The bill mandates the HTDC to provide reports on the effectiveness of the new processes and technologies implemented under this legislation, ensuring accountability and transparency.

Affected Parties

Small Businesses: The primary beneficiaries of this bill are small businesses in Hawaii, which will gain improved access to resources and support from HTDC.

Hawaii Technology Development Corporation (HTDC): The HTDC will play a central role in implementing the provisions of the bill, managing the new application processes and technology solutions.

State Economy: By supporting small businesses and fostering technological advancements, the bill aims to stimulate economic growth within the state.

Procedural Timeline

Introduced: January 17, 2025

Senate Actions: The bill has undergone several readings and amendments in the Senate, with the latest actions occurring in April 2025, where Senate conferees were appointed.

House Actions: The bill has also been reviewed and amended by the House, with conferees appointed and discussions ongoing as of April 2025.

Current Status: As of April 23, 2025, the bill is in the conference stage, with conferees from both the Senate and House working to reconcile differences in the amendments made.

Conclusion

SB 989 represents a significant step towards enhancing economic development in Hawaii by supporting small businesses and leveraging technology. The bill's focus on streamlining application processes and improving project management tools is expected to foster a more conducive environment for business growth and innovation. As the bill progresses through the legislative process, its final form will determine the specific impacts on the state's economic landscape.

Bill