Incentives

Maui Technology Business Incentives

Maui offers a range of incentives for businesses, including:

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.

EMPLOYEE TRAINING FUND

The state of Hawaii provides workforce training funds for employers and employees to attend job-related training classes.

REGIONAL CENTER

Hawaii is a designated Regional Center, which offers foreign investors the opportunity to gain U.S. citizenship through investing in local business.

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