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Senate committee defers enterprise-zone changes after questions on who benefits
Summary
Lawmakers deferred SB 2816, a bill to expand and reclassify state enterprise zones, after DBEDT officials and testifiers disagreed over whether incentives would subsidize businesses already thriving in target areas and after staff provided preliminary numbers on foregone revenue and participant revenues.
Chair opened a joint hearing on SB 2816, a proposal to revise Hawaii’s state enterprise-zone program and to create targeted incentives for sectors such as health‑care technology. Testimony came from state agencies, universities and business groups; several witnesses stood on written testimony.
DBEDT program manager Jason Ushijima told the committee the department produces annual reports and cited 2022 figures showing foregone state revenue from enterprise-zone credits of about $460,000 and aggregate revenues for…
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