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On February 9, 2026, Hawaii lawmakers passed a series of new business laws aimed at boosting the economy and supporting small businesses in the state. The legislation, known as the Hawaii Economic Growth Act, includes measures to streamline the process for starting a new business, provide tax incentives for small businesses, and support entrepreneurship and innovation.One of the key components of the Hawaii Economic Growth Act is the creation of a new online business registration portal. This portal will allow entrepreneurs to easily register their businesses and obtain the necessary licenses and permits, cutting down on red tape and speeding up the process of starting a new business. Lawmakers hope that this will encourage more individuals to start their own businesses and contribute to the growth of the state's economy.In addition to the new online registration portal, the Hawaii Economic Growth Act also includes tax incentives for small businesses. These incentives include a reduction in corporate income tax rates for small businesses and a tax credit for businesses that invest in new technologies and innovation. Lawmakers believe that these incentives will encourage small businesses to expand and invest in new technologies, driving economic growth and creating jobs in the state.Another key aspect of the Hawaii Economic Growth Act is the establishment of a new entrepreneurship fund. This fund will provide grants and loans to aspiring entrepreneurs to help them launch and grow their businesses. Lawmakers hope that this will support innovation and creativity in the business community, leading to the development of new products and services that can compete in the global marketplace.Overall, the Hawaii Economic Growth Act represents a significant step forward in supporting small businesses and driving economic growth in the state. Lawmakers believe that these new business laws will create a more business-friendly environment in Hawaii, attracting new businesses and fueling innovation and entrepreneurship. The legislation is set to go into effect later this year, and lawmakers are optimistic about the positive impact it will have on the state's economy.