State’s $20M HI Growth Initiative Needs Your Testimony

Hawaii Startups Entrepreneurs Government

The HI Growth Initiative is a new $20 million State program that will focus on the critical building blocks of new business formation: research commercialization, entrepreneur mentoring and the mobilization of startup investment capital. Governor Abercrombie announced the HI Growth Initiative in his State of the State address on January 22, and the initiative is now moving through the legislature.

Hawaii Startups Entrepreneurs GovernmentThe startup community had a strong showing for the State House hearing on February 1st, and now testimony is scheduled for a Senate version of the initiative, SB 718.

According to the State’s DBEDT-affiliated Hawaii Strategic Development Corporation, “Passing this bill will help to create high-growth businesses, and provide new opportunities to grow and diversify Hawaii’s economy. Most importantly, the HI Growth Initiative will support an entrepreneurial ecosystem that creates high-wage jobs that will keep talented people here and bring talented kamaaina home.”

You can submit your testimony at this link by clicking the “Submit Testimony” button.

When submitting testimony, here’s a suggested outline:

  1. Provide a statement of support: “We strongly support this bill!”
  2. Describe who you are: your company; what you do; how this bill can help you.
  3. Include the “HI Growth Initiative” paragraph:  “The HI Growth Initiative will provide $20 million of investment capital that will invest in the critical building blocks of new business formation: research commercialization, entrepreneur mentoring and the mobilization of startup investment capital. Passing this bill will help to create high growth businesses, and provide new opportunities to grow and diversify Hawaii’s economy. Most importantly, the HI Growth Initiative will support an entrepreneurial ecosystem that creates high wage jobs that will keep talented people here and bring talented kamaaina home.

Submit your testimony at this link by clicking the “Submit Testimony” button.