Hoku Scientific

New Markets Tax Credit Coalition

Kapolei,
HI
(2003)

Hoku Scientific

Business Development, Manufacturing

In December 2003, the Fund invested $250,000 in Hoku Scientific Inc. as part of an approximately $5M round of equity financing.

Investment

NMTC Amount: $250,000
Total Project Cost: $21,250,000

IMPACT

2 FTE jobs

CDEs

Advantage Capital

Investor

Unknown

Project Description

In December 2003, the Fund invested $250,000 in Hoku Scientific Inc. as part of an approximately $5 million round of equity financing. Located in a low-income area of Honolulu, Hawaii, Hoku is a developer of fuel cell membrane technology, primarily for use in Proton Exchange Membrane fuel cells. The company has grown from a dozen or so employees at the time of investment to approximately three dozen today; almost all of these jobs are well-paid professional positions.

MAP

Address: 1075 Opakapaka Street, Kapolei, HI 96707

Census Tract: 15003008502

PDF Profile

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