POSTED: 3:30 a.m. HST, Sep 4, 2013
WAILUKU, Hawaii (AP) — The company managing billionaire Larry Ellison's investments on Lanai is matching Maui County grants in support of small businesses on the island.
The Mayor's Office of Economic Development said Tuesday Pulama Lanai's chief operating officer offered to match the office's small business revitalization grants to Lanai businesses.
The grant program is designed to help businesses with fewer than 10 employees operating in the rural communities of Lanai, Hana and Molokai.
The program has reserved $20,000 for the island of Lanai. With Pulama Lanai's match, it has $40,000.
The grants may be used for new equipment, renovation, websites, marketing or other purposes to help businesses grow.
Ellison's company changed its name from Lanai Resorts to Pulama Lanai in July. Ellison bought 97 percent of Lanai last year.