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Committee expands enterprise zone eligibility to advanced manufacturing and cybersecurity
Summary
Committee recommended passing SB 125 with amendments to add advanced manufacturing and cybersecurity businesses to the enterprise zone list, with technical cleanups. DBEDT and business groups supported changes as workforce and economic tools.
The committee recommended passage of SB 125 with amendments to add business types — advanced manufacturing and cybersecurity — to the state enterprise zone program and with technical edits for clarity.
DBEDT and local business groups, including the Kapolei Chamber of Commerce and Holomua Collective, testified in support, saying the change would help retain local manufacturers and expand opportunities for working families. Tom Yamachika of the Tax Foundation offered technical comments on nested definitions and suggested cleanup for clarity.
The committee accepted technical amendments and added the two business categories to the enterprise-zone statute. At decision making the committee reported SB 125 passed with amendments and noted Representative Holt was excused.
