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Bonds in 2005 of up to $ 48 million with extensions in 2010 and 2015; in 2007 of up to $ 20 million with an extension in 2012; and in 2009 of up to $ 77 million with extensions in 2014 and 2019 (expiration in June 30, 2024) after consistently not completing the project in time. The Hawaii State
Legislature did not renew the Special Purpose Revenue Bond allocation from 2005 in the 2020 legislative session. Ulupono invested more than $ 6 million in the project. In December 2020, Honolulu Seawater Air Conditioning announced it would conclude its operations by the end of January 2021, citing rising construction costs.
270:
rail system by working with private contractors. The analysis concluded that the project remained dependent on public funding to close the $ 2 billion funding gap. Delays in funding could further delay the project, potentially costing the taxpayers of Hawaii up to $ 114 million per year. In response
254:
In 2014, Hawaii
Constitutional Amendment 2, which "allows the State to issue special purpose revenue bonds to assist agricultural enterprises on any type of land, rather than only important agricultural lands" passed with 50.2%, 0.2% more than required and making it the closest ballot initiative in
250:
Ulupono first invested $ 1 million in
Honolulu Seawater Air Conditioning in August 2013; in November 2014, Ulupono Initiative and Capital Cooling purchased a majority stake in the company. The proposed $ 250 million project was appropriated State of Hawaii government backed Special Purpose Revenue
242:
Ulupono advocated a Hawai‘i state constitutional amendment to allow farmers, ranchers and owners of other agricultural endeavors to request special purpose revenue bonds (SPRB). The measure passed with 50.2% of the vote in Hawaii's 2014 general election. Ulupono, the main funder of the "Local Food
246:
Honolulu-based
Ulupono received $ 875,000 in state tax credits under a 2008 law that created incentives for landowners to preserve prime farmland for agricultural use in perpetuity. Ulupono said in a written statement that it is disappointed that Hawaii Dairy Farms didn’t succeed but that the tax
286:
program launched in 2017. Biki announced in April 2021 that due to revenue lost during the COVID-19 pandemic, it would cut services by up to 60 percent. By
October 2021, returning tourism had led to an increase in Biki use, and the organization claimed it was able to make less deep cuts than
278:
In
September 2020, the city announced it was withdrawing from the effort to land a private-sector partner on the rail project. HART shared that it was canceling the public-private effort two months later. An 11-mile section of the Skyline rail opened in June 2023.
255:
Hawaii's history. Ulupono contributed $ 500,000 of the $ 507,400 (98.5%) raised for the amendment's passage. The League of Women Voters noted the concern about
Amendment 2's passage was, "Large, for-profit
24:
1378:
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released a report commissioned by
Ulupono claiming that the Honolulu Authority for Rapid Transportation (HART) could save up to $ 570 million on construction of the
1510:
801:
1505:
949:
925:
901:
1023:
303:, Blue Ocean Mariculture, Hawaii BioEnergy, Phycal, Kapalua Farms on Maui, Oceanic Institute Research Feed Mill, Ibis Networks, and Bioenergy Hawaii.
973:
454:
376:"How Honolulu's Ulupono Initiative is helping Hawaii fight hunger, invest in clean transportation and housing, and become carbon neutral by 2045"
1186:
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998:
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559:
480:
375:
1289:
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http://www.honoluluswac.com/_assets/_pdfs/20181023%20Financial%20crisis%20falling%20oil%20price%20contributed%20to%20delay%20of%20lon.pdf
774:
610:
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will also be eligible for low cost, privately-funded loans. This will give them a competitive advantage over small farms".
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credit program provided an incentive to take on risk with the project it estimated would cost $ 17.5 million.
1073:
709:
532:
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Ulupono has invested in companies including Hawaii Dairy Farms on Kauai, Honolulu
Seawater Air Conditioning,
200:
and his wife Pamela Kerr established
Ulupono in 2009, after each spent parts of their childhood in Hawai‘i.
1367:
https://www.bizjournals.com/pacific/news/2019/02/01/hawaii-dairy-farms-scuttles-plans-citing-hawaiis.html
404:
726:
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initially anticipated. Biki marked six years in operation and nearly six million rides in June 2023.
853:
826:
635:
877:
1377:
Financial crisis, falling oil price contributed to delay of long-planned seawater A/C project,
283:
243:
Coalition", contributed $ 500,000 of the $ 507,400 (98.5%) raised for the amendment's passage.
661:
430:
8:
560:"Parker Ranch, Omidyar's Ulupono Initiative partner on expansion of Hawaii's beef market"
267:
739:
https://www.dairyherd.com/article/hawaiis-taxpayers-take-loss-failed-kauai-dairy-plan
221:
272:
217:
187:
175:
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34:
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BioEnergy Hawaii partners with Ulupono Initiative for energy conversion system,
1187:"'How Do We Go Forward?' Honolulu Rail Leaders Kill P3, Confront Unknown Costs"
507:"Hawai'i Energy and Ulupono Offer Incentive for Electric Car Charging Stations"
229:
197:
144:
70:
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grant-making, and advocacy with the stated goals of "increasing the amount of
1499:
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http://the.honoluluadvertiser.com/article/2010/Jan/30/br/hawaii100130011.html
263:
236:
1452:
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Hawaii Dairy Farms scuttles plans, citing Hawaii's regulatory environment,
256:
209:
23:
1342:"Bikeshare company Biki celebrates 6 years, looks ahead to Honolulu rail"
1239:"Bike-share program to provide recreation, transportation in Kailua-Kona"
802:"Omidyar becomes majority investor in Honolulu Seawater Air Conditioning"
171:
44:
1290:"Bikeshare Hawaii to remove Biki stations, reduce services to cut costs"
346:
455:"Hawaiʻi's first two community-owned solar projects coming to Molokaʻi"
183:
179:
52:
999:"Honolulu Seawater Air Conditioning to end development after 15 years"
282:
Ulupono has provided funding to Bikeshare Hawaii, which runs the Biki
190:
and clean transportation, and improving water and waste management."
114:
1439:
Omidyar-backed sustainable-ag group takes over Maui's Kapalua Farms,
727:
https://www.thegardenisland.com/2019/02/01/hawaii-news/no-dairy-farm/
300:
1416:
83:
48:
1490:
213:
1316:"Biki Is Bouncing Back From Covid-Era Vandalism, Ridership Woes"
1161:"Honolulu Pulls Out Of Public-Private Partnership Plan For Rail"
239:
and Robin Campaniano occupied leadership roles in the company.
208:
Ulupono has conducted for-profit investments in areas including
1050:"Hawaii Bonds for Agricultural Enterprises, Amendment 2 (2014)"
296:
87:
1391:"Ulupono Initiative investing in SolarCity projects in Hawaii"
1024:"Hawaii Seawater Air Conditioning Plans Shut Down Over Costs"
751:"$ 1M local investment in Honolulu Seawater Air Conditioning"
225:
585:"Ulupono Joins BioEnergy Hawaii On Puuanahulu Waste Project"
1135:"Rail Leaders Look To Curb Runaway Costs With New Partners"
193:
1428:
737:
Hawaii's Taxpayers Take Loss on Failed Kauai Dairy Plan,
158:
1486:
611:"General Partner Datta retires from Ulupono Initiative"
275:
to investigate possible public-private funding models.
1480:
1109:"Report: Rail Could Save Big With Private Financing"
775:"New owners for Honolulu Seawater Air Conditioning"
662:"Ulupono Founded to Promote Sustainability Efforts"
533:"Ulupono Investing $ 17.5M in Hawaii Dairy Venture"
1185:Honore, Marcel; Dayton, Kevin (21 November 2020).
1497:
1511:Environmental organizations established in 2009
1074:"2014 Election Summary Ballot Issue Committees"
710:"2014 Election Summary Ballot Issue Committees"
1465:https://www.bioenergyhawaii.com/press-releases
686:"Farmers groups offer support for Amendment 2"
405:"Investing in People, Companies and the ʻĀina"
398:
396:
1213:"Passenger rail finally arrives in Honolulu"
1184:
1506:Environmental organizations based in Hawaii
402:
232:industries, and waste reduction projects.
174:-based and -focused organization that uses
1236:
393:
22:
799:
557:
481:"Hawaii biofuels company gets investment"
369:
367:
322:"Omidyars join others in donation pledge"
1453:https://www.linkedin.com/company/wattiq/
1210:
1211:Angueira, Gabriela Aoun (1 July 2023).
800:Mykleseth, Kathryn (21 November 2014).
373:
290:
1498:
1313:
1262:
1158:
1132:
848:
846:
403:Fujii-Oride, Noelle (5 January 2021).
364:
271:to Ulupono's report, HART worked with
1237:Cook Lauer, Nancy (3 February 2016).
1091:"General Election 2014 Pros and Cons"
996:
1339:
1159:Honore, Marcel (26 September 2020).
1106:
1030:. Associated Press. 29 December 2020
997:Magin, Janis L. (19 December 2020).
781:. Associated Press. 22 November 2014
659:
319:
843:
539:. Associated Press. 3 December 2013
429:York, Carnegie Corporation of New.
13:
1314:Honore, Marcel (11 October 2021).
636:"Talk Story with Robin Campaniano"
558:Shimogawa, Duane (21 March 2014).
235:When Ulupono was founded in 2009,
224:such as re-establishing homegrown
14:
1522:
1473:
1451:WattIQ (Formerly Ibis Networks),
1417:https://www.hawaiibioenergy.com/
1263:Napier, A. Kam (4 August 2017).
660:Wire, Hawaii Star (2009-06-26).
435:Carnegie Corporation of New York
428:
374:Sweeney, Erica (23 April 2021).
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320:Kaya, Travis (5 August 2010).
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1107:Hill, John (21 March 2017).
220:charging networks, expanded
7:
10:
1527:
1265:"Who's Riding Biki Bikes?"
974:"Hawaii State Legislature"
950:"Hawaii State Legislature"
926:"Hawaii State Legislature"
902:"Hawaii State Legislature"
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1415:Hawai‘i BioEnergy, LLC,
806:Honolulu Star-Advertiser
640:Hawaii Business Magazine
409:Hawaii Business Magazine
326:Honolulu Star-Advertiser
1429:http://www.phycal.com/
978:www.capitol.hawaii.gov
954:www.capitol.hawaii.gov
930:www.capitol.hawaii.gov
906:www.capitol.hawaii.gov
882:www.capitol.hawaii.gov
858:www.capitol.hawaii.gov
831:www.capitol.hawaii.gov
1395:Pacific Business News
1243:Hawaii Tribune-Herald
1003:Pacific Business News
589:Big Island Video News
564:Pacific Business News
537:Dairy Herd Management
184:locally produced food
1346:Hawai'i Public Radio
1269:Hawai'i Public Radio
1028:Hawai'i Public Radio
779:The Washington Times
291:Investment portfolio
1397:. 18 September 2012
1320:Honolulu Civil Beat
1191:Honolulu Civil Beat
1165:Honolulu Civil Beat
1139:Honolulu Civil Beat
1113:Honolulu Civil Beat
617:. November 14, 2018
615:www.bizjournals.com
135:Number of employees
100:Number of locations
18:
1487:Ulupono Initiative
351:Ulupono Initiative
168:Ulupono Initiative
17:Ulupono Initiative
16:
690:West Hawaii Today
513:. 1 February 2019
461:. 12 January 2023
273:Ernst & Young
222:local agriculture
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149:The Omidyar Group
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1399:. Retrieved
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1296:. 2021-04-13
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827:"HB1238 CD1"
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