THE SENATE

S.B. NO.

3227

THIRTY-THIRD LEGISLATURE, 2026

 

STATE OF HAWAII

 

 

 

 

 

 

A BILL FOR AN ACT

 

 

relating to the hawaii technology development corporation.

 

 

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

 

     SECTION 1.  The legislature finds that the Hawaii technology development corporation serves as a facilitative catalyst for technology and innovation in the State and will align the State with emerging technologies such as computer software, biotechnology, ocean science, energy, nanotechnology, artificial intelligence, sensor and communication systems, health, medical devices, medical tests or other healthcare technologies and aerospace and defense.

     Accordingly, the purpose of this Act is to promote economic diversification by:

     (1)  Requiring the Hawaii technology development corporation to establish state goals and implement projects to promote economic diversification through innovation and technology;

     (2)  Appropriating funds to the Hawaii technology development corporation to implement projects to achieve these goals; and

     (3)  Requiring the Hawaii technology development corporation to submit annual reports to the legislature on the projects implemented pursuant to the Act.

     SECTION 2.  The Hawaii technology development corporation shall establish state goals and implement projects to promote economic diversification through innovation and technology.  The Hawaii technology development corporation shall adopt rules pursuant to chapter 91, Hawaii Revised Statutes, to effectuate the purposes of this Act.

     SECTION 3.  The Hawaii technology development corporation shall submit annual reports of its findings and recommendations, including any proposed legislation, to the legislature no later than twenty days prior to the convening of each regular session.

     SECTION 4.  There is appropriated out of the general revenues of the State of Hawaii the sum of $           or so much thereof as may be necessary for fiscal year 2026-2027 to be allocated as follows:

     (1)  $           to the Hawaii small business innovation research program, to provide matching grants to help companies that received federal small business innovative research or small business technology transfer grants further develop new products to solve critical issues;

     (2)  $           to the manufacturing assistance program of the Hawaii technology development corporation to help Hawaii-based manufacturers become more globally competitive; and

     (3)  $           to the accelerator and small business training programs of the Hawaii technology development corporation to help develop companies that are solving large-scale problems in the community using innovative, advanced manufacturing, and technology‑based solutions.

     The sum appropriated shall be expended by the Hawaii technology development corporation for the purposes of this Act.

     SECTION 5.  This Act shall take effect on July 1, 2026.

 

INTRODUCED BY:

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Report Title:

HTDC; Economic Development; Economic Diversification; Reports; Appropriations

 

Description:

Requires the Hawaii Technology Development Corporation to establish state goals and implement projects to advance economic diversification through innovation and technology.  Appropriates funds to support the Hawaii Small Business Innovation Research Program, Manufacturing Assistance Program, and accelerator and small business training programs.  Requires annual reporting to the Legislature.  

 

 

 

 

The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.