Community-Based Economic Development

$25 Million in Low-Interest Disaster Loans Approved for Businesses, Nonprofits and Residents Impacted by Kilauea Volcano Damages

SACRAMENTO, Calif. – Director Tanya N. Garfield of the U.S. Small Business Administration’s Disaster Field Operations Center-West announced today that SBA has approved more than $25 million in federal disaster loans for Hawaii businesses and residents impacted by the Kilauea volcanic eruption and earthquakes that began May 3, 2018. According to Garfield, SBA has approved $6,532,800 for businesses and $18,476,600 for residents to help rebuild and recover from this disaster.

Read the press release for all the details.

SBA helps businesses of all sizes, private nonprofits AND homeowners and renters by providing low-interest direct federal recovery loans. As low as 3.61 percent for businesses, 2.5 percent for private nonprofits and 1.938 percent for homeowners or renters, with terms up to 30 years. We can loan for any uninsured or under-insured damages. For small businesses and most private nonprofit organizations, SBA can also offer low-interest Economic Injury Disaster Loans (EIDL) as well as loans for physical damages.

Economic Injury Disaster Loans (EIDL) may be very important to small businesses owners due to the impacts of tourism on the Big Island with this ongoing disaster. These working capital loans can help small businesses, small agricultural cooperatives, (and small businesses engaged in aquaculture), as well as most private, non-profit organizations meet their ordinary and necessary financial obligations that cannot be met as a direct result of the disaster. These loans are intended to assist through the disaster recovery period.




5th Annual Conference on Community Development &Financing

Monday, March 27, 2017

William S. Richardson School of Law

The Purpose of the Conference

As the demand for funding developments (i.e. capital improvement and energy projects) increases, traditional methods of capitalizing projects become increasingly inadequate. There are alternatives. By creatively structuring projects, communities, nonprofit organizations and businesses (nonprofit and for-profit) are able to access capital. Capital requires organizational capability and capacity that some entities already have. It sets a goal post for others that can be met by strategically planning their approaches for the next several years.

This Conference will provide information and a road map for communities, nonprofit organizations and businesses to improve their ability to access funding sources including programs like the federal New Markets Tax Credit (NMTC) program and the United States Department of Agriculture (USDA), programs run by the State of Hawaii, and private foundations that have been highly successful in Hawaii and in other parts of the county.

This Conference is about building organizational capabilities so that more communities, nonprofit organizations, and businesses are able to secure funding needed to construct projects, create jobs, and provide needed services and products to the State of Hawaii.

Please visit for more information on the conference or to register online.



For updated information, please see above “$25 million in low-interest disaster loans approved for Businesses, Nonprofits and Residents impacted by Kilauea Volcano damages”

SBA Economic Injury Disaster Loans Available to Hawaii Small Businesses

SACRAMENTO, Calif. – Small, non-farm businesses in Hawaii County are now eligible to apply for low‑interest federal disaster loans from the U.S. Small Business Administration (SBA). These loans offset economic losses because of reduced revenues caused by the drought in Hawaii County that began on April 5, 2016, announced Director Tanya N. Garfield of SBA’s Disaster Field Operations Center ‑ West.
“SBA eligibility covers both the economic impacts on businesses dependent on farmers and ranchers that have suffered agricultural production losses caused by the disaster and businesses directly impacted by the disaster,” Garfield said.

Read the full article.



CBED Accelerator Logo

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Click here to learn more about the CBED Accelerator.



CBED logoThe Legislature created a Community-Based Economic Development (CBED) Program in the Department of Business, Economic Development & Tourism with Act 111, SLH 1991, codified as Chapter 210D, Hawaii Revised Statutes.

The CBED Program offers loans, grants and technical assistance to eligible non-profit, geographic, cultural or economic-based community groups to develop viable, sustainable business ventures that serve local needs and are compatible with the vision, character, and cultural values of their communities.

Community Based Economic Development is a strategy for addressing the needs of low-income communities. As the dialogue about incorporating community vision and values into present day Hawaii continues, CBED stands out as a necessary strategy to achieve those goals by bringing community empowerment and increased capacity, as well as conservation of local resources. CBED is a proven strategy that is different than traditional economic development because it emphasizes community reinvestment and opportunities. CBED is a complete process that not only addresses a community’s economic needs, but its social needs as well. CBED strategies help maintain Hawaii’s cherished quality of life for its residents for the long term while community-based organizations (CBOs) provide social services and ecosystem services that make a locality attractive to new and appropriate investment and economic development.

Development Grants for Non-Profits

Recognizing the value of “grassroots” planning, support and decision-making, the Hawaii State Legislature created the CBED program and revolving fund in 1990.

The Program offers loans, grants and technical assistance to eligible non-profit, geographic, cultural or economic-based community groups. These groups can develop viable, sustainable business ventures that serve local needs and are compatible with the vision, character and cultural values of their communities.

Mission Statement

Successful community-based economic development integrates viable economic projects to promote a community’s vision for its future health and quality of life.

The CBED program provides training and capacity building opportunities to promote, support, and invest in community-based development projects that result in measurable economic impact.

Progress / Accomplishments

Since its inception, Hawaii’s CBED Program has demonstrated the effectiveness of community-based economic development in Hawaii. Accomplishments from 1991 through 2009 include:

  • Every dollar of State funds invested in communities through the CBED Program has been matched by an average of 11 (eleven) dollars of financing from over 30 different sources.
  • Over $3.4 million has been committed to more than 143 community-based organizations statewide.
  • In FY2001, community-based organizations reported projects generating 93 new jobs or businesses.

To access CBED annual reports, please click here:

For older reports, please see:


CBED Grant Minimum Eligibility Requirements and Allowable Expenses

Project Match Grant (PMG):

  • Non-profit or Cooperative Association status
  • A CBO (a membership-based organization)
  • Economic Development outcome
  • PMG application

Planning & Organization Development (POD):

  • Have applied for IRS status or arranged sponsor within 6 months
  • Forming a CBO or is a CBO
  • Show economic development potential
  • POD application

Allowable Expenses:

  • Equipment rentals
  • Planning
  • Promotion/Advertisement
  • Air or ground travel with justification
  • Research and Survey expenses
  • Technical, Training & Planning Consultants
  • Board or Member training curriculum development
  • Compensation for staff for project related activities

Non-Allowable Expenses:

  • Facilities (maintenance, improvements, operating expense, etc.)
  • Construction
  • Utilities
  • Insurance
  • IRS and State application fees
  • Equipment purchases
  • Rent (Office/ Bldg)
  • Normal operating expenses

Hawaii Administrative Rules, Act 111 SLH1990


For more information regarding the Community Based Economic Development Program, contact Wayne Thom at



CBED Advisory Council Members

Rachel James

Exp: 06/30/2021

JoAnn Inamasu

Exp: 06/30/19

Dennis T. Ling

Representative for Director, Luis P. Salaveria
Department of Business, Economic Development. & Tourism


James Patterson

Representative for Chair Colette Y. Machado
Office of Hawaiian Affairs


Nancy Elvira Lo

Exp: 06/30/2019

Kaleokalani Kuroda

Exp: 06/30/2019

Dean M. Matsukawa

Representative for Chair Scott Enright
Department of Agriculture


Lyn McNeff

Exp: 06/30/2019

Jane Horike

Hawaii Hilo
Exp: 06/30/2018