Hawaii Small Business Grants
With more than $3,258.00 million dollars in grants and additional local government funding sources of $2,560.00 million dollars, the majority of the federal budget in government grants is put into the business sector every year as small businesses and large corporations are the foundation of the economic growth in Hawaii. There are 25,746 business establishments in the state of Hawaii, and they break down to the following:
Hawaii Business Sector Breakdown by Size:
- 14,320 registered businesses in Hawaii have 0 to 4 employees. People who work at home with sole proprietorship are included in this breakdown.
- 4,658 registered businesses in Hawaii have 5 to 9 employees.
- 2,846 registered businesses in Hawaii have 10-19 employees.
- 2,404 registered businesses in Hawaii have 20-99 employees.
- 610 registered businesses in Hawaii have 100 to 499 employees.
- Over 908 registered businesses in Hawaii have over 500 employees.
Hawaii Business Sector Breakdown in Service Industries:
- 3,297 registered businesses in Hawaii are in the Professional, Scientific and Technical Services sector.
- 1,890 registered businesses in Hawaii are in the Administrative, Support, Waste Management, and Remediation Services sector.
- 3,539 registered businesses in Hawaii are in the Accommodation and Food Services sector.
- More than 3,522 registered businesses in Hawaii are also service orientated businesses but are not categorized to the above sectors.
If you are in the farming industry, you may be eligible to apply for small business grants as well. There are more than 8,000 farms in the state of Hawaii.
Starting and managing a small business in Hawaii is not an easy task. Over $17,742,683,000.00 US dollars are paid to employee salaries/payroll alone in the state of Hawaii and more than 3,675 businesses declare bankruptcy every single year. Although the federal government does not publically provide grants for starting and expanding a business, in Hawaii, some small business grants are given to business owners to start and grow their ventures, and grant recipients do not have to pay back the funding from government. Therefore, it makes sense to look into small business grants as one of your sources to fund your business.
To apply for business grants in Hawaii, contact Hawaii financial aid agencies.
Small Business Grants in Local States
Grant Application Guides and Resources
It is always free to apply for government grants. However the process may be very complex depending on the funding opportunity you are applying for. Let us help you!