LIHUE, Hawaii (AP) - An effort to promote more local beef production and reduce the state's reliance on imported meats has received a six-figure investment from a Hawaii-based venture capital fund.
The Garden Island reported Tuesday that EEx Fund One LLC has invested $300,000 in Kunoa Cattle Company.
The cattle company recently purchased and upgraded Oahu's only slaughterhouse with the goal of expanding Hawaii's market for locally produced beef.
The company has provided enhanced processing of its own livestock and livestock from other producers throughout the state that are selling under their own individual local meat brands.
Supporters of the project say it will help boost the state's economy and allow for greater self-sufficiency in Hawaii.
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