Hawaii Administrative Rules › Title 15 - DEPARTMENT OF BUSINESS, ECONOMIC DEVELOPMENT AND TOURISM › Department of Business, Economic Development and Tourism › Chapter 120 - COMMUNITY-BASED ECONOMIC DEVELOPMENT LOAN AND GRANTS PROGRAM › Section 15-120-2 - Definitions

Current through June, 2024
As used in this chapter, unless a different meaning clearly
				  appears in the context:
"Community-based economic development" shall have the same
				  meaning as in section
				  210D-2, HRS.
"Community-based organization" shall have the same meaning as
				  in section 21 OD-2, HRS.
"Community-based enterprise" means a community-based economic
				  development business that has a business model designed to increase community
				  control over local resources and decision-making processes and to have positive
				  economic impacts in the community such as increased job creation, local
				  sourcing of product inputs, and other resources for community economic
				  empowerment.
"Community of identity" shall have the same meaning as in
				  section 21 OD-2, HRS.
"Community of interest" shall have the same meaning as in
				  section 21 OD-2, HRS.
"Council" means the community-based economic development
				  advisory council.
"Department" means the department of business, economic
				  development, and tourism.
"Director" means the director of business, economic
				  development, and tourism.
"Financial institution" includes, but is not limited to,
				  banks and other lending institutions whose regular course of business includes
				  making of commercial and industrial loans.
"Grant" means an award of funds by the department to a
				  nonprofit community-based organization or its for-profit subsidiary, or a
				  cooperative association, or an organization providing technical assistance to
				  community-based organizations.
"Grantee" means the recipient of a grant.
"HRS" means the Hawaii Revised Statutes.
"Loan" means a direct loan made by the department or a
				  participation loan in which the department participates with a financial
				  institution.
"Perquisite" means a privilege, gain, or profit incidental to
				  regular salary or wages.
"Personal information" means any information, financial or
				  otherwise, provided by an applicant, the disclosure of which is not required
				  under chapter
				  92F, HRS.
"Program" means the community-based economic development
				  technical and financial assistance program.
"Revolving fund" means the Hawaii community-based economic
				  development revolving fund established in section
				  210D-4,
				  HRS, from which moneys shall be used for purposes of this chapter.
"SBA" means the Small Business Administration of the United
				  States Government.
"State" means the State of Hawaii.
"Technical assistance" means support to organizations
				  targeted at a business development need or problem, and includes prescribing or
				  providing management counseling, skills training, consulting services, and
				  other instruction, monitoring business activities, and sharing information,
				  working knowledge, and expertise, and may also include the transfer of
				  technical data. Technical assistance may be provided directly by the
				  department, or by consultants or contractors, or by grantees awarded a grant
				  for that purpose.