Informing the Legislature that on July 6, 2026, the Governor signed the following bill into law: SB2360 SD1 HD2 CD1 (ACT 182).

This bill modernizes Hawaii's enterprise zone program to better support local businesses by expanding the range of eligible activities and updating qualification rules. It allows local manufacturers that sell directly to retailers to qualify for benefits, adds new eligible sectors such as aerospace technology and specific medical services, and permits the state to designate up to two census tracts on state land as enterprise zones if they contain innovation enterprises. Additionally, the bill requires the Department of Business, Economic Development, and Tourism to conduct a comprehensive review of the program in consultation with the Department of Taxation and report its findings to the legislature. These changes aim to revitalize neighborhoods and promote job creation and preservation for local companies in designated areas.