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SB 3049

RELATING TO TRADE-ORIENTED PRODUCTION CAPACITY GRANT PROGRAM.

2026 Regular Session Introduced by Dru Kanuha

Hawaii proposes trade-oriented production capacity grants to fund business manufacturing expansion, aiming to diversify the economy and increase export-ready production capacity.

The committee(s) on EDT has scheduled a public hearing on 02-10-26 1:02PM; Conference Room 229 & Videoconference.
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Bill Summary · SB 3049

Legislative bill overview

SB 3049 establishes a Trade-Oriented Production Capacity Grant Program in Hawaii, designed to provide financial support to businesses that expand manufacturing and production capabilities focused on export or trade activities. The bill allocates state resources to help companies invest in equipment, facilities, and infrastructure that would increase Hawaii's production capacity for trade-oriented goods.

Why is this important

Hawaii's economy is heavily dependent on tourism and imported goods, making local manufacturing capacity a strategic economic diversification goal. Supporting trade-oriented production could create jobs, reduce import reliance, and strengthen the state's economic resilience by building competitive export industries. However, this represents a significant state investment that requires careful evaluation of expected returns and fiscal sustainability.

Potential points of contention

  • Program cost and funding source: The bill's fiscal impact is unclear—how much will this program cost, and will it be funded through new appropriations, existing budgets, or general revenues during a period of potential budget constraints?
  • Grant eligibility criteria: Questions about which businesses qualify, whether there are local hiring requirements, and whether the program favors certain industries or company sizes could affect fairness and effectiveness.
  • Return on investment and accountability: Concerns about whether grants will generate measurable economic returns, job creation, and whether there are performance metrics and clawback provisions if companies fail to meet production targets or relocate.

Compiled from official sources — confirm details with the bill’s official record.

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