RELATING TO THE HAWAII TECHNOLOGY DEVELOPMENT CORPORATION.
Reported from ECD (Stand. Com. Rep. No. 1428-26) as amended in HD 1, recommending passage on Second Reading and referral to FIN.
Summary
The bill lets the Hawaii Technology Development Corporation give grants to any Hawaii business that applies for or receives a federal research and development award or contract that requires a non‑federal match. Grants can cover up to 50 % of the federal award or the required match, except for firms whose primary purpose is developing or testing weapons or munitions. It aims to make state funding more flexible for leveraging federal research money.
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