Hawaii Small Business Loan Leading to Big Island Jobs
Over $1 million in federal funding has recently been made available for Hawaii small business loans, leading to an increase in big island jobs . The Hawaii Congressional delegation announced in mid-October that the Economic Development Administration will allocate $1,015,000 in federal funding to the Feed the Hunger Foundation. This is meant to establish a new Revolving Loan Fund that provides loans to new and expanding small businesses in Hawaii. This federal funding is expected to create and retain 120 jobs on the island and should help expand Hawaii’s agricultural job market. “Investing in our local agriculture industry, along with expanding access to fresh, nutritious food, is crucial to improving the health and wellbeing of people all across Hawaii and decreasing our reliance on costly food imports,” Rep. Tulsi Gabbard told BigIslandNow.com. “This funding will bring jobs and investment to our local farmers and small business owners working towards a more sustainab