eBay founder Pierre Omidyar and his wife Pam today announced the formation of the Ulupono Initiative, a social investment firm dedicated to improving the quality of life for Hawaii’s residents through sustainability. The organization will invest in local businesses and philanthropic organizations focused on renewable energy, local food production, and waste reduction. The Ulupono Initiative seeks to energize the state’s economy and increase its self-reliance through these investments. Local business executives Kyle Datta and Robin Campaniano will co-lead the Ulupono Initiative as general partners.

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