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Biden Administration takes steps to promote equitable access to SBA relief
On Monday, President Biden announced changes to SBA’s coronavirus relief programs to ensure equity including the establishment of a 14-day, exclusive PPP loan application period for businesses and nonprofits with fewer than 20 employees starting Wednesday, February 24, 2021. This will give lenders and community partners more time to work with the smallest businesses to submit their applications, while also ensuring that larger PPP-eligible businesses will still have plenty of time to apply for and receive support before the program expires on March 31, 2021.
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!