PROGRAMS

Maui Technology Business Incentives

Maui offers a range of incentives for businesses, including:

High Technology Investment Credit
Maui Research & Technology Park Fast Track Permit
Foreign Trade Zone Facilities
Enterprise Zone Program
Hub Zone
Employee Training Fund
Regional Center

HIGH TECHNOLOGY INVESTMENT CREDIT

Maui offers some of the nation’s most competitive high technology business tax incentives by providing a 100% return on cash investments and a 20% research tax credit in qualified businesses.

Qualified research activities include:

Research and development tasks
Computer software development
Biotechnology
Sensor and optic technologies
Ocean sciences
Astronomy
Non-fossil fuel energy-related technology
Performing arts products

MAUI RESEARCH & TECHNOLOGY PARK FAST TRACK PERMIT

Situated on over 400 acres below Haleakala, the majestic 10,023-foot peak, the Maui Research & Technology Park provides an attractive space for innovation and business-to-business collaboration. The park offers a fast track permit process for new business in:

Research and development and production
Office, business and support services

FOREIGN TRADE ZONE FACILITIES

Hawaii offers one of the largest and most diversified foreign trade zone programs in the U.S. Maui houses two of Hawaii’s 13 zones, which help companies reduce the risks and costs associated with international business transactions.

The Maui Research and Technology Park provides 59 acres zoned for research and high technology use
Maui Pineapple Company owns Maui’s second zone, which is home to its pineapple cannery

ENTERPRISE ZONE PROGRAM

Maui County’s Enterprise Zone (EZ) program offers tax benefits to qualified businesses the islands of Molokai, and Lanai, and in East Maui, West Maui and Greater Maui. Benefits include:

100% exemption from the general excise tax
80% state income tax credit the first year (declining by 10% each year for the next 6 years)
An additional state income tax credit equal to 80% of the unemployment insurance premiums paid the first year (declining by 10% each year for the next 6 years)

To qualify for the EZ program, businesses must earn half of their annual gross income from one of the following activities:

Telecommunications switching and delivery systems
Information technology design and production
Medical research, clinical trials and telemedicine
For-profit training programs in international business management or environmental remediation
Manufacturing
Wholesaling and distribution
Agricultural production or processing
Aviation and maritime repair and maintenance

HUB ZONE

The U.S. Small Business Administration has designated Hawaii a historically underutilized business zone, or HUBZone. The HUBZone program provides federal contracting opportunities to qualified small businesses.