|Program||# of Grants||EDA Funds|
During Fiscal Year 2013, EDA invested $465,531 in three projects in the State of Hawaii. EDA’s investments help Hawaii communities achieve bottom-up, locally-defined economic development goals and strategies.
Investment Spotlight: High Tech and Medical Innovation in a Tropical Paradise
EDA offers a complementary, balanced portfolio of grant programs designed to help rural and urban communities grow their private sectors and create jobs.
Local leaders are working to make Hawaii a hub of innovation and advanced manufacturing to diversify the economy, all the while embracing the state’s strength as a tourist destination. Enterprise Honolulu, O‘ahu Economic Development Board, has begun a multi-phase project to develop an export strategy plan for attracting, supporting, and retaining advanced high technology materials manufacturing of products with global impact for the state.
The initial phase of the project will include research and analysis of the most successful companies in materials science and medical advanced manufacturing to understand the dynamics and factors that led to their success. The second phase will apply this research to create a plan and process to springboard the manufacturing sector and transform an R&D company in the region into a successful advanced manufacturing company with global impact.
This investment will serve as a “prototype-plan” for clean advanced manufacturing capable of exporting from islands and isolated communities. This strategy will examine the best use of Hawaii’s diverse array of abundant and unique natural resources in a way that enhances the local environment while serving as an asset for economic development.
EDA awarded a $95,000 of the total $200,000 costs, to Enterprise Honolulu to develop this strategy.