HAR §15-38-4. Grants; purpose; use of

(a) The development corporation may provide grants in accordance with section 206M-15.2, HRS. (b) Grants may be used by any recipient for product development that enables a qualified Hawaii-based small business to achieve significant product development and technical milestones. (c) Grants shall not be used by any recipient for any of the following purposes: (1) Entertainment or lobbying activities; or (2) Payment for goods or services for which moneys were granted under the Hawaii small business innovation research and small business technology transfer program pursuant to section 206M­ 15, HRS, the alternative energy research and development program pursuant to Act 67, Session Laws of Hawaii 2018, or the manufacturing development program pursuant to section 206M­ 15.1, HRS. [Eff AUG 1 7 ] (Auth: HRS §206M-3) (Imp: HRS §206M-15.2) SUBCHAPTER 2 ELIGIBILITY AND SELECTION PROCESS §15-38-5 Eli ibility requirements, (a) Any business applying for a grant shall meet all of the following qualifications: (1) Headquartered in the State; (2) Doing business in the State for not less than five years; (3) Employing fifteen or more residents with income subject to taxation pursuant to chapter 235, HRS; (4) Can demonstrate financial viability of the business; (5) Is either incorporated under the laws of the State, or registered to do business in the State; 38-2 3338 h §15-38-8 (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 business shall be eligible to receive a grant in an amount up to the average of the federal tax credit received for the prior three tax years. [Eff AUG 1 7 i19 ] (Auth: HRS §206M-3) (Imp: HRS §206M-15.2)