Natural Energy Laboratory of Hawaii Authority gets $3M federal grantPosted on Jun 6, 2012 in Dept. of Business, Economic Development and Tourism, Federal grant, Hawaii Island, Pacific Business News
(Pacific Business News) The Natural Energy Laboratory of Hawaii Authority has received a $3 million federal grant from the Department of Commerce’s Economic Development Administration to help expand its alternative energy and biotechnology incubator.
The money will help fund the renovation of an existing business incubator at the Big Island facility near Kailua-Kona into an alternative energy and biotechnology demonstration incubator, and provide 10,000 square feet of leasable space for business tenants.
The grant will help Hawaii businesses develop products at NELHA and bring them to market, which will create new jobs and help spur investment, U.S. Commerce Secretary John Bryson said in a statement.
“Hawaii is at the forefront of clean energy research and development, and the projects and initiatives under way in our Islands will help lessen America’s dependence on imported oil while diversifying our economy and creating new jobs,” Sen. Daniel K. Inouye, D-Hawaii, said in a statement. “By experimenting with biotechnology and alternative energy sources at Keahole Point we can move our nation closer to a time when the majority of our power is generated from clean, sustainable sources.”