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| Hilo, Hawaii News, Sports, & Information |
Thursday, September 2, 2010 |
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Back to Hawaii News index
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Posted: Thursday, April 20th, 2006 5:25 AM HST
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Is Hawaii becoming high tech?
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HONOLULU (AP) _ The state will conduct a study to find out if offering high-tech industries (m) millions of dollars in tax credits is paying off.
The analysis will look at the number of companies, types of jobs and salaries created under the tech sector since a law known as Act 221 kicked in four years ago.
A report this week showed Hawaii stuck for the past six years at 47th in the nation in terms of high-tech jobs.
Act 221 allows individuals and companies to get a 100 percent return over five years on investments of up to two (m) million dollars made in Hawaii-based high-tech companies.
Since 2001, the credits prevented the state from collecting more than 110 (m) million dollars in tax revenues.
(Copyright 2006 Associated Press. All rights reserved.)
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