Home » Latest News, Newsroom » DBEDT NEWS RELEASE: DBEDT BOLSTERS HAWAI‘I’S DEFENSE ECONOMY WITH NEW PROJECTS
DBEDT NEWS RELEASE: DBEDT BOLSTERS HAWAI‘I’S DEFENSE ECONOMY WITH NEW PROJECTS
Posted on Jul 15, 2021 in Latest News, Newsroom
HONOLULU – The State of Hawai‘i’s Department of Business, Economic Development and Tourism (DBEDT) is pleased to announce three new projects that will focus on strengthening and growing Hawai‘i’s second largest economic driver – the defense sector. DBEDT has initiated contracts with the Military Affairs Council (MAC) of the Chamber of Commerce Hawaii and local tech company Referentia, through a grant by the Department of Defense (DoD) Office of Local Defense Community Cooperation for Phase III of its Hawaii Defense Economy (HDE) project. DBEDT also contracted CyberHawaii to support local companies with cybersecurity resilience.
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[co-author: Laura Jarvis]
The buzz around climate change is expanding to include the potential effects it could have on businesses’ physical operations and value in the marketplace. Climate-related business risks typically fall into two categories: physical risks (extreme weather events, changes in climate patterns that can affect physical facilities and supply chains) and transition risks (the cost of transitioning to a low-carbon economy, including reputational effects).[1] As climate change can directly and indirectly impact a company’s present value and prospects for the future, the natural question follows: should companies have to disclose a broader range of risks to the public? A bill passed in the House, a recent Biden Executive Order, and actions by the Securities and Exchange Commission ( SEC ) signal that the answer to that question is shifting toward yes.