The U.S. Treasury Department has awarded the state of Hawaii $4.48 million in State Small Business Credit Initiative funds, the final disbursement of a $13.2 million grant the federal government had allotted to the state. In Hawaii, the funds have been used by Hawaii Strategic Development Corp. to propel the HI Growth Initiative and establish is venture capital fund of funds investment programs for Hawaii startups, which include Blue Startups and the GVS Transmedia Accelerator.
