Current through November, 2024
Section 15-33-5 - Eligibility requirements(a) Any business applying for a grant shall meet all of the following qualifications: (1) Conducts manufacturing activities in the State;(2) Is categorized as a manufacturer as defined by the federal North American Industry Classification System (NAICS) codes 31, 32, and 33;(3) Agrees that if selected for an award for manufacturing equipment, it will own and operate the equipment in the State for a minimum of two years;(4) Can demonstrate financial viability of the business and the ability to cover the balance of the cost of the good or service for which the business is applying for a grant;(5) Is either incorporated under the laws of the State, or registered to do business in the State;(6) Has bylaws or policies that describe the manner in which the activities or services for which the grant is awarded shall be conducted or provided;(7) Is licensed or accredited, in accordance with federal, state, or county statutes, rules, or ordinances, to conduct the activities or provide the services for which the grant is awarded;(8) Complies with all applicable federal and state laws prohibiting discrimination against any person on the basis of race, color, national origin, religion, creed, sex, age, sexual orientation, or disability; and(9) Allows the development corporation, legislative committees and their staff, and the auditor full access to its records, reports, files, and other related documents and information for purposes of monitoring, measuring the effectiveness, and ensuring the proper expenditures of the grant.(b) The minimum grant application amount that will be considered is $1,500.[Eff 3/11/2016] (Auth: HRS § 206M-3) (Imp: HRS § 206M-15.1)