The Hawaii Strategic Development Corporation is a State agency created in 1990 to promote economic development and diversification in conjunction with private enterprise.

Our Mission

The mission of the Hawaii Strategic Development Corporation (HSDC) is to develop a sustainable venture capital industry in Hawaii which will stimulate the growth of new businesses.

HSDC's primary objective is to promote the well being of the people of Hawaii by providing investment capital to businesses in order to stimulate economic growth, employment, and economic diversification. This goal is achieved through the investment of public and private funds in return for equity or ownership positions in private businesses, recognizing that many start-up and early stage companies cannot carry the burden of fixed debt service until they are at a later stage of development.

Emphasis is given to investment opportunities which further technological innovation, though almost all industry sectors are eligible for financing. The corporation is currently precluded by law from investing in construction of housing. Examples of companies receiving venture funding include:

Internet services
Biotechnology
Software/multimedia developers
Aquaculture
Food and beverage processing and distribution
Telecommunications
Medical device
Healthcare
Dual-Use
Renewable Energy

HSDC has the long-term goals of developing a venture capital infrastructure in Hawaii to support business growth and expansion, and to provide entrepreneurial development programs.

Board of Directors

HSDC is administered by a Board of Directors which is responsible for establishing and overseeing its investment policies.

Edward H. W. Young, Chair
HTDV Project Manager

Mark K. Anderson
Deputy Director
Department of Business, Economic Development & Tourism
DBEDT Representative

Gail Honda, Ph.D
President
Global Optima, Inc.
HTDC Representative

Jason I. Hauanio
Assistant Vice President, Senior Financial Advisor
Merril Lynch
NELHA Representative

Glenn S. Yamada, Vice Chair
Pearlridge Branch Manager
American Savings Bank

Roland V. Resurreccion
Licensed Architect/Project Manager
Pacific Asian Design Group, Inc.

Anne L. Sylvester
Attorney

Blenn A. Fujimoto
Vice Chairman, Hawaii Market
Central Pacific Bank

Danton S. Wong
Partner
Chun Kerr Dodd Beaman & Wong

Darren T. Kimura
President & CEO
Sopogy, Inc.

Eric B. Yee
Vice President
Central Pacific Bank

Vincent A. Piekarski
Attorney
Goodsill Anderson Quinn & Stifel LLP

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