OFFICE OF THE GOVERNOR — Information Launch — Hawaii small companies to get $25 million in grants to regulate to COVID-19-related market modifications
State of Hawaiʻi and Chamber of Commerce Hawaiʻi launch Enterprise Pivot Grant program
HONOLULU – The State of Hawai‘i, in partnership with the Chamber of Commerce Hawai‘i, at present introduced the launch of the Hawai‘i Enterprise Pivot Grant program. The grants will distribute $25M in monetary and coaching assist to struggling small companies in Hawai‘i to assist them alter to market modifications ensuing from the COVID-19 pandemic. This system will present roughly 2,500 small companies with reimbursement grants to cowl bills as much as $10,000 that they incurred implementing modifications to their operations, services and products.
“Small companies are the spine of our state’s financial system, and I’ve seen the willpower and creativity these companies have demonstrated as they pivoted from a method of working, to doing enterprise in a very completely different means,” mentioned Gov. David Ige. “Corporations that may pivot efficiently is not going to solely survive however thrive. This grant takes among the stress off these companies and helps them to seek out new methods to function in a drastically completely different setting.”
Funded by federal CARES Act appropriations, this system offers qualifying companies reimbursement for eligible bills incurred since March 20, 2020, together with investing in e-commerce, reconfiguring workspaces, including security tools and implementing new enterprise processes.
The grant software interval begins on October 22, 2020 and can stay open till November 23, 2020, as funds can be found. The Chamber of Commerce Hawai‘i’ll administer this system.
“Small companies make use of tens of hundreds of individuals in our state and have been among the many hardest hit because the begin of the pandemic,” mentioned Sherry Menor-McNamara, president and CEO of the Chamber of Commerce Hawai‘i. “We hope these grants is not going to solely present reduction to those companies however enable them to reimagine new approaches so as to add to resilience to their companies.”
Along with the grant reimbursement, the Chamber of Commerce Hawai‘i’ll supply technical help to firms by means of workshops, coaching, and advisor assets as they alter their operations. The Chamber will even present a web based market for firms to entry services and products to assist operational modifications, and these prices can be eligible for reimbursement below the grant program.
Overview of eligibility necessities
To qualify for the grant, companies and non-profits should meet the next standards:
- Be registered within the State of Hawai‘i and have fewer than 100 staff;
- Function in a bodily business house in Hawai‘i; home-based companies should not eligible;
- Have suffered financial damage because of the COVID-19 pandemic;
- Been in enterprise previous to March 20, 2020.
Eligible bills for reimbursement might embrace the next, in the event that they had been associated to pivoting operations or processes:
- Net improvement, design, social media and e-commerce
- Consulting providers
- Skilled providers associated to pivoting your online business
- Associated tools and provides
- Bodily distancing measures (bills incurred after Oct.1)
Extra particulars on this system, together with incessantly requested questions and the appliance for the Hawaiʻi Enterprise Pivot Grant, can be found at www.HawaiiBizPivot.org
Chamber of Commerce of Hawaii
Deputy Communications Director/Press Secretary
Workplace of the Governor
Cindy McMillan, Communications Director
Workplace of the Governor