Hawaii has been officially designated as the nation’s first statewide economic development district EDD, a move expected to bring substantial federal funding aimed at revitalizing the state’s economy.
The U.S. Department of Commerce’s Economic Development Administration EDA confirmed the status, which Governor Josh Green sees as crucial during Hawaii’s economic challenges.
Green emphasized the collaboration between the state, counties, and Congress, and praised the Biden Administration’s acknowledgment of Hawaii’s unique economic situation.
The Hawaii Regional Economic Stewardship and Advancement EDD, housed under the Office of Planning and Sustainable Development, will lead initiatives aligned with the state’s Comprehensive Economic Development Strategy. The goal is to attract private investment and create high-wage, skilled job opportunities.
Cristina Killingsworth, EDA Acting Assistant Secretary, underscored the potential impact on economic growth, while James Kunane Tokioka, DBEDT Director, highlighted the bipartisan efforts and the role of various sectors, including local agencies, universities, labor unions, and communities.
The initiative also ties into the 2024 legislative session’s Senate Bill 2974, which supports programs for job creation and infrastructure improvements to boost Hawaii’s resilience.
