Hawaii to receive $250,000 to help small businesses prepare for Asia-Pacific Economic Cooperation Forum

Wed, March 2, 2011
Washington, D.C.- Hawaii will receive $250,000 to help local businesses cater to the 20,000 visitors expected in Honolulu this November as a part of the Asia-Pacific Economic Cooperation forum, Senators Daniel K. Inouye and Daniel K. Akaka announced today.

President Barack Obama and at least 19 heads of state, cabinet ministers, business leaders and other officials are expected to attend the summit, which will be held Nov. 12-20 at the Hawaii Convention Center.

APEC brings together leaders from 21 nations, including the U.S., China, Japan, Australia, the Philippines, Mexico, Russia and Korea to discuss trade, investment and other economic issues.

“We in Hawaii have a tremendous opportunity to showcase our islands as more than just beaches and good times, but as a place to plan and conduct business critical to the global economy,” said Senator Inouye.  “These funds will help small businesses integrate their operations with the unique environment created by the forum.”

“This grant will help Hawaii’s small businesses share in the unique economic benefits that this year’s APEC forum will bring to the islands,” said Senator Akaka.

The Economic Development Administration grant will support the implementation of a program to provide business development assistance to small and medium size business enterprises throughout Hawaii that are aligned with commercial opportunities surrounding the activities of the Asia-Pacific Economic Cooperation forum scheduled for November, 2011.

This project will provide an engagement training program and the production and distribution of APEC Meeting training and orientation materials to local businesses.