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SBA and Treasury Announce PPP Re-Opening; Issue New Guidance
WASHINGTON – The U.S. Small Business Administration (SBA), in consultation with the Treasury Department, announced today that the Paycheck Protection Program (PPP) will re-open the week of January 11 for new borrowers and certain existing PPP borrowers. To promote access to capital, initially only community financial institutions will be able to make First Draw PPP Loans on Monday, January 11, and Second Draw PPP Loans on Wednesday, January 13. The PPP will open to all participating lenders shortly thereafter. Updated PPP guidance outlining Program changes to enhance its effectiveness and accessibility was released on January 6 in accordance with the Economic Aid to Hard-Hit Small Businesses, Non-Profits, and Venues Act.
DBEDT Launches Buy Hawaii, Give Aloha Portal Site
We know local shoppers want to support small businesses and find the best made-in-Hawaii products. That’s why DBEDT created Buy Hawaii, Give Aloha, a one-stop online resource that makes it easy for shoppers to find local brands, all in one place. If you’re a Hawaii business owner, you can join for free — and it’s free for your customers to use, too!
Expand Your Sales with HiSTEP
Funded in part through a Grant with the U.S. SBA, HiSTEP assists Hawaii small businesses with their export development. The goal is to increase the number of small businesses that want to export as well as the value of exports for those small businesses that currently export.
Hawaii Defense Economy
Military-related spending in Hawaii is second only to tourism and contributes to thousands of jobs. DBEDT is committed to understanding the importance of DoD spending and to fostering resiliency efforts should DoD spending change.
Community Based Economic Development (CBED)
CBED offers loans to eligible small businesses that support economic development in their communities. Also grants available to non-profits for technical assistance in applying for federal grants!