Wednesday, August 12, 2020
Hawai'i Free Press

Current Articles | Archives

Tuesday, July 02, 2013
CNHA Questions OHA Geothermal 'Investment'
By News Release @ 5:46 PM :: 3898 Views :: Energy, OHA

From CNHA News Release June 27, 2013

“What our community leaders are sharing with us, is that if OHA wants to make high risk equity investments into privately owned businesses, then it is prudent for OHA to establish a fully accessible equity investment program for all businesses needing equity capital. Essentially, what members of the OHA Board have done is to choose a single business to get on their Board agenda to receive an investment of our collective trust funds. What is perhaps more proper is to establish an equity program to make sure any and every business owned by a beneficiary has access to compete for and apply for direct equity investments.” ...

“It’s just stunning, frankly. Out of nowhere, all of sudden, OHA has an appetite for equity investments into high risk privately owned enterprises, without developing a program, vetting criteria, consulting with business beneficiaries and community leaders, and establishing an open avenue for the hundreds of beneficiary businesses that might benefit and help to grow our Hawaii economy. For nonprofit organizations, there is a clear process, a clear competitive aspect, and an evaluation process that is well known in the community to receive resources. This investment, at first money in, is like giving someone a giant $600,000 grant to roll the dice in a $250 million dollar potential project. Okay, fine, but we all know someone that owns a small business, that has been around for a lot longer than 2011, that could absolutely use, say a $25,000 equity investment to survive the economic recession and kick a business expansion into high gear.

How does a small business, owned by a beneficiary get to be on the OHA agenda? What is the application process and criteria to receive an equity investment into a business? Nonprofits compete for grants, why has one business been singled out to receive our trust funds that benefit just a few people? Why is OHA doing equity investments at all? How did this happen without Beneficiary Consultation? Do other state agencies do this kind of equity investments with public funds?

It’s completely proper for beneficiaries of this trust to question the approval of a $1.25 million dollar investment into a private firm and to inquire as to the criteria used to evaluate such an investment. It doesn’t really matter who or what the business is, what matters is that any and every business has the same opportunity to participate, and that OHA has established prudent criteria. Equity investments are very high risk endeavors that need disciplined selection processes. Our trust fund resources are not private funds that belong to trustees, they belong to all us, and as such, a very high standard is required when contemplating trust funds that will directly benefit individuals, especially owners of private companies. These transactions are not investments into nonprofits that serve community, nor are they loans that a business has to pay back; essentially, this is a huge grant to a business owned by one individual, hoping to hit a big return. There are sources of capital that do this type of investment, and they are called Venture Capitalists. OHA, as a state agency, is definitely not an experienced Venture Capital firm.”

read ... OHA’s geothermal investment questioned by Native Hawaiian Policy Center




TEXT "follow HawaiiFreePress" to 40404

Register to Vote


808 Silent Majority

ACA Signups Hawaii


Alliance Defending Freedom

Aloha Pregnancy Care Center

American Council of Trustees and Alumni


Antonio Gramsci Reading List

A Place for Women in Waipio

Astronomy Hawaii

Ballotpedia Hawaii

Better Hawaii

Blaisdell Memorial Project

Broken Trust

Build More Hawaiian Homes Working Group

Christian Homeschoolers of Hawaii

Cliff Slater's Second Opinion

Coffee Break

DVids Hawaii

E Hana Kakou Kelii Akina


Fix Oahu!

Follow the Money Hawaii

Frank in Hawaii

Front Page Magazine

Frontline: The Fixers

Genetic Literacy Project

Grassroot Institute

Hawaii Aquarium Fish Report

Hawaii Aviation Preservation Society

Hawaii Catholic TV

Hawaii Christian Coalition

Hawaii Cigar Association

Hawaii Coalition Against Legalized Gambling

Hawaii ConCon Info

Hawaii Credit Union Watch

Hawaii Crop Improvement Association

Hawaii Debt Clock

Hawaii Defense Foundation

Hawaii Family Advocates

Hawaii Family Forum

Hawaii Farmers and Ranchers United

Hawaii Farmer's Daughter

Hawaii Federalist Society

Hawaii Federation of Republican Women

Hawaii Future Project

Hawaii Gathering of Eagles

Hawaii History Blog

Hawaii Homeschool Association

Hawaii Jihadi Trial

Hawaii March for Life

Hawaii's Partnership for Appropriate & Compassionate Care

Hawaii Public Charter School Network

Hawaii Rifle Association

Hawaii Shippers Council

Hawaii Smokers Alliance

Hawaii State Data Lab

Hawaii Together

Heritage Foundation



Hiram Fong Papers

Homeschool Legal Defense Hawaii

Honolulu Navy League

Honolulu Traffic

House Minority Blog

I Vote Hawaii

If Hawaii News

Imua TMT

Inouye-Kwock, NYT 1992

Inside the Nature Conservancy

Inverse Condemnation

Investigative Project on Terrorism

Iowa Meets Maui

Jackson v Abercrombie

Jihad Watch

July 4 in Hawaii

Kahle v New Hope

Kakaako Cares

Kau TEA Party

Kauai Co GOP

Keep Hawaii's Heroes


Land and Power in Hawaii

Legislative Committee Analysis Tool

Lessons in Firearm Education

Lingle Years

Malulani Foundation

Managed Care Matters -- Hawaii

Malama Pregnancy Center of Maui

Mauna Kea Recreational Users Group

Middle East Forum--The Legal Project

Mililani Conservatives for Change

Military Home Educators' Network Oahu

Missile Defense Advocacy

MIS Veterans Hawaii

Muslim Brotherhood in America

NAMI Hawaii


National Christian Foundation Hawaii

National Parents Org Hawaii

National Wind Watch

New Hawaiian

New Zeal

NFIB Hawaii News

No GMO Means No Aloha

Northwest Economic Policy Seminar

Not Dead Yet, Hawaii

Now What I Really Think

NRA-ILA Hawaii

Oahu Alternative Transport

ObamaCare Abortion Hawaii


OHA Lies

Opt Out Today

Pacific Aviation Museum

Patients Rights Council Hawaii

PEACE Hawaii

People vs Machine

Pritchett Cartoons

Pro-GMO Hawaii


Rental by Owner Awareness Assn

Republican Party -- Hawaii State

Research Institute for Hawaii USA

Rick Hamada Show

RJ Rummel

Robotics Organizing Committee

Save Dillingham Airfield

School Choice in Hawaii

Sink the Jones Act

Statehood for Guam

Tax Foundation of Hawaii

The Real Hanabusa

Time Out Honolulu

Trustee Akina KWO Columns

UCC Truths

US Tax Foundation Hawaii Info

VAREP Honolulu

West Maui Taxpayers Association

What Natalie Thinks

Whole Life Hawaii