Honolulu, HI

Oahu Economic Development Board

EIN 99-0229787

Community & Economic Development Small Business & Entrepreneurship

Mission

Oahu Economic Development Board (OEDB) envisions a thriving, diversified Oʻahu economy that prioritizes the well-being and prosperity of everyone who calls Hawaii home. OEDB serves as a convener to advance the growth, retention and creation of local businesses and good-paying jobs through values-driven, community-centered economic development.

IRS-recognized 501(c)(3) public charity Contributions are tax-deductible

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About Oahu Economic Development Board

Oahu Economic Development Board (OEDB) is a Honolulu-based 501(c)(3) nonprofit that works with private-sector leaders, government, philanthropy and communities to promote economic diversification, job creation and community resilience across Oʻahu. OEDB emphasizes relational, values-based economic development rooted in the Aloha Spirit and operates projects spanning strategy, financing and technical assistance.

In the last 2–3 years OEDB led development of the Honolulu Comprehensive Economic Development Strategy (CEDS) for 2023–2027, a multi-stakeholder plan created with nearly 1,000 participants to guide island economic recovery, resilience and shared prosperity. During the same period OEDB continued its Punawai o Puʻuhonua New Markets Tax Credit (NMTC) work (a partnership with American Savings Bank) that has directed substantial NMTC allocations to community projects that support healthcare, education and workforce facilities.

OEDB has an active leadership and board drawn from Hawaii business and nonprofit sectors, and updated public filings show the organization operating with program-focused revenues and stable net assets in recent tax filings (tax year 2024 reporting roughly $1.27M in revenue and approximately $1.76M in net assets).

Notable achievements

Led Honolulu CEDS 2023–2027

Facilitated a community-driven Comprehensive Economic Development Strategy for Honolulu (2023–2027) that engaged nearly 1,000 stakeholders and produced an implementation and evaluation matrix to guide island-level economic recovery and resilience.

NMTC financing via Punawai o Puʻuhonua

Through the Punawai o Puʻuhonua Community Development Entity (a partnership with American Savings Bank), OEDB has channeled New Markets Tax Credit allocations to support more than a dozen community projects (healthcare, education, hospitality and related facilities), directing significant federal NMTC award funding to Oʻahu projects since 2012.

Sustained program-focused operations

Recent Form 990 reporting (tax year 2024) shows program-service-driven revenues and positive net assets, reflecting continued delivery of economic development programs, consulting, and asset-management activities.

At a glance

Total assets: $1.8M
Annual revenue: $1.3M
Tax status: 501(c)(3)Public charity
EIN: 99-0229787
Location: Honolulu, HI
Website: www.oedb.biz
On Mahalo since: May 2026

Financial figures from the IRS Business Master File, the IRS’s registry of tax-exempt organizations.

Recognition

Maintains 501(c)(3) tax-exempt status (federally tax-exempt since 1984).

Selected as a Hawaii-based Community Development Entity (CDE) recipient of New Markets Tax Credit allocations from the federal CDFI/ NMTC process (most recently reflected in allocations during the 2020s).

Profiled and tracked on nonprofit information platforms and donor/partner networks, and regularly cited as a lead convenor on island economic strategy and NMTC-financed projects.

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