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David Ige on Corporations

 

 


$10 million for HI Growth initiative to support innovation

We need to support business and industry so that they can grow our economy and create jobs. That includes our visitor industry, which has had three straight record setting years in arrivals and spending, totaling about $15 billion and supporting 175,000 jobs statewide.

It also includes the thousands of small businesses that make up the core of our economic engine--those ma and pa stores whose predecessors include success stories like Foodland and the ABC Stores.

We need to nurture an "innovation economy," in which entrepreneurs use technology to develop new processes and products from existing ones, like smart phone makers who have taken their products far beyond the original concept of a mobile phone and created entire new markets.

It's a whole new economic paradigm which we need to support with modern infrastructure, whether it's expanding our broadband network or building innovation parks. That's why we are providing $10 million for the HI Growth initiative to support innovation.

Source: State of the State address to 2015 Hawaii Legislature , Jan 26, 2015

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Page last updated: Mar 17, 2019