Community-Based Economic Development
Helping communities by helping businesses
Successful community-based economic development integrates viable economic projects to promote a community’s vision for its future health and quality of life.
The CBED program provides training and capacity building opportunities to promote, support, and invest in community-based development projects that result in measurable economic impact.
What we do – Loans to help businesses
CBED offers loans to eligible small businesses that support economic development in their communities. We strive to help small businesses to develop viable, sustainable business ventures that serve local needs and are compatible with the vision, character and cultural values of their communities.
The CBED loan program can support a broad range of small businesses with loans usually in the range of $50,000 to $125,000. We especially focus on those involved in expanding their businesses in Agricultural and Food Production & Manufacturing and Wholesaling.
- Must be a registered business in the State of Hawaii
- Loan proceeds must result in an economic development outcome
- Show turn-down from one (1) financial institution
Loans may be used for:
- Working capital
- Construction or improvement of facilities
- Purchase of equipment
- Payment of production and marketing expenses including materials, labor and services
Term: Up to 10 years
Interest Rate: Simple interest at 3% per annum
For questions, please contact us directly at:
Community Based Economic Development Program
Business Development & Support Division
State of Hawaii Department of Business, Economic Development and Tourism
P.O. Box 2359
Honolulu, HI 96804
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