The City and County of Honolulu has announced a new round of financial assistance for businesses struggling due to the ongoing construction of the Honolulu Rail Transit Project, also known as Skyline. According to the Honolulu Star-Advertiser, the latest initiative focuses on businesses impacted by construction along the Dillingham Boulevard corridor. This represents a continuation of the city’s efforts to mitigate the economic disruptions caused by the large-scale public transportation project.
The Transit Construction Mitigation Fund (TCMF), established by the Honolulu City Council, aims to support local businesses facing financial hardship due to rail construction. Spectrum News reported that grants of $10,000 are available per applicant. These grants are awarded on a first-come, first-served basis, highlighting the importance of timely application for eligible businesses. The extension of the application deadline, as noted by the Honolulu.gov in a previous round, demonstrates the city's responsiveness to the needs of local entrepreneurs.
The eligibility criteria for these grants have also been adjusted. Hawaii News Now reported that the Mayor signed a bill which expanded eligibility, increasing the annual revenue cap to $1 million, allowing more businesses to qualify for relief, and removing the employee limit. This expansion underscores the city's commitment to supporting a broader range of businesses, ensuring that both small and medium-sized enterprises impacted by the construction can access vital financial resources.
For Hawaii's entrepreneurs, this represents a crucial opportunity to secure financial aid during a challenging period. Business owners are encouraged to carefully review the application requirements and submit their applications promptly. The City and County of Honolulu’s Department of Budget and Fiscal Services manages the grant program. More information and application details are usually available on the city's official website.
