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Enterprise zone update: Act 182 expands eligible sectors, extends participation
Summary
DBEDT outlined changes to the enterprise zone under Act 182: expanded eligible business activities (value‑added ag, healthcare services, aerospace, IT, FPIN participants), authorization for DBEDT to nominate two additional census tracts, and extension of participation from seven to nine years for new enrollees.
DBEDT representatives summarized updates to Hawaii's enterprise zone program under Act 182. Jason Ushijimi said the law modernizes eligibility to include value‑added agriculture, medical products and health‑care services, professional services related to health care, aerospace technologies and IT design. "So 1st off, it shows this is a list of the new different business activities..." he said, and noted the change will also welcome FPIN (Food and Product Innovation Network) participants to the program.
Officials explained the program now allows DBEDT, with gubernatorial approval, to nominate up to two additional census tracts for enterprise‑zone designation and extends maximum company enrollment from seven to nine years for firms joining after the change. When asked for the top three benefits for qualifying firms, DBEDT listed the GET (general excise tax) waiver on eligible wholesale sales, unemployment‑insurance‑related tax credits and income‑tax credits—citing an 80% tax credit in year one that phases down 10 percentage points each subsequent year.
Committee members sought clearer outreach to ensure eligible businesses know how to apply and urged DBEDT to promote the program and provide materials that explain qualification and benefits.
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