More Galleries
8 most business-friendly cities These metro areas rate highest for ease of starting a business, government support of entrepreneurs, and more, according to a recent Thumbtack survey of more than 8,000 small businesses. More
10 most entrepreneurial states Thinking about starting a business? These 10 states saw more startup activity than anywhere else nationwide, according to the Kauffman Index of Entrepreneurial Activity. More
What I gave up to start my business From dream cars to family time, these entrepreneurs have sacrificed a lot. More
Special Offer
5 of 8
BACK NEXT
Great Pacific Chocolate Co.

Technology: Cacao
Location: Kailua-Kona, Hawaii
Amount of grant: $342,826 (August 2007)
From: Department of Agriculture
Employees: 6

Pam and Robert Cooper aspire to build the cacao market into Hawaii's next cash crop. Locally grown beans can't compete on price in the international market, so the Coopers started Great Pacific Chocolate Company in 2000 to create demand. The company sells premium dark and milk chocolate bars (a three ounce bar costs $10) and markets itself as the only Hawaiian chocolatier to undertake the entire chocolate-making process, from cacao tree to chocolate bar. The couple grows beans on their six-acre farm and supplements that harvest with purchases from 15 local farmers.

The company is using the SBIR grant for marketing its products and increasing production. The Coopers plan on attending more trade shows, producing new packaging (such as a point-of-purchase box to boost retail sales), and developing new products, such as a criollo bar, a richer chocolate with a nutty flavor.

Until receiving the award, the Coopers had financed the whole chocolate endeavor themselves, mortgaging the farm. In fact, Cooper doesn't know if the business could have expanded in the last two years without the grant; "We made our first dollar last year," she says.

The chocolate company currently sells 50% of its bars through farm tours, another 40% through retailers, and 10% over the Internet. Cooper would most like to expand sales in stores because more businesses would benefit. "The whole point is to spread the industry and make it go as far as it will," Cooper said. "We want it to help more people than just us." - Herman Wong

NEXT: Ross-Hime Designs

Last updated April 11 2008: 4:34 PM ET
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2013 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2013 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2013. All rights reserved. Most stock quote data provided by BATS.