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Hawaii has a long sad history in mis-funding tech startups. Recall ACT 221, which provide 100% state tax credits for investors, resulting in massive wastes and
by jhonovich 12y ago
Hawaii has a long sad history in mis-funding tech startups.
Recall ACT 221, which provide 100% state tax credits for investors, resulting in massive wastes and various floundering startups.
In Hawaii, many of the 'leaders' in the tech sector believe that they are just as talented and smart as Silicon Valley, that all they need is the money to prove it. And then, over and over again, the State hands over money, just to end in more embarrassing results.
- uurayan 12y agoSuch a true statement. The sad part about this john is that many people leading the charge have no recollection of ACT 221 and they write off the people like us that do as haters or non-believers.
- bostonvaulter2 12y agoFor anyone that is interested in the history of ACT 221 I would highly recommend this writeup (PDF) http://www.uhero.hawaii.edu/assets/UHERO_WP2009-03.pdf http://www.uhero.hawaii.edu/assets/UHERO_WP2009-03.pdf