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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.

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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.

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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!

News

SBA and Treasury Announce PPP Re-Opening; Issue New GuidancePosted on January 12, 2021
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 […]
Read More SBA and Treasury Announce PPP Re-Opening; Issue New Guidance
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Virtual Hawaii Mart with Taiwan MarketPosted on December 18, 2020
On November 17, 2020, with the support of the American Institute in Taiwan (AIT), the U.S. Department of Agriculture (USDA) Foreign Agricultural Services (FAS), the State of Hawaii Taipei Office (SHOT), the Synergistic Hawaii Agriculture Council (SHAC), and DBEDT, a virtual meeting was held to promote Hawaii’s coffee industry in Taiwan. Mr. Ken Isley, the […]
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2020 Hawaii Broadband Strategic PlanPosted on November 19, 2020
The newly released Hawai‘i Broadband Strategic Plan 2020 provides a fresh look at ways to strengthen Hawai‘i’s broadband infrastructure and programs at a time when the coronavirus pandemic is making clear how dependent Hawai‘i is on broadband connectivity for education, health, livelihood and economic prosperity.
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International Students Contributed $381 Million to Hawaii’s Economy in 2019Posted on November 13, 2020
A look at the results of a report sharing the impact of international students on Hawaii's economy in 2019.
Read More International Students Contributed $381 Million to Hawaii’s Economy in 2019
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View Invest's photos on Flickr.

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SUCCESS STORIES

Success stories about businesses that have benefited from BDSD programs.

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