CNNMoney.com
Companies Economy International Corrections Pre-market Trading After-hours Trading Winners/Losers/Actives Bonds Currencies Commodities World Markets Money Magazine Real Estate Taxes Jobs Ask the Expert Money 101 Autos Mutual Funds The Help Desk Loan Center Best Places to Live Ask the Expert Ultimate Guide to Retirement Retirement Calculators Best Funds Best Places to Retire Fortune Brainstorm Tech Apple 2.0 Blog Big Tech Blog Sectors and Stocks Tech Talk Resource Guide Small Business Makeovers Questions & Answers Small Business Video 100 Best Places to Launch FSB 100 Fortune Small Business Fortune 500 Brainstorm Tech Investing Management C-Suite Rankings Main Create Portfolio Edit Portfolio Create Alerts Edit Alerts
More Galleries
Holiday gifts for the yoga nut These 7 small brands are helping fuel a booming yoga industry. More
Not ready for takeoff Why 7 flying car startups are still grounded. More
Next Little Thing 2010 Wireless electricity. Invisible speakers. A mind-reading headset. See what's coming in 2010. 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
© 2009 Cable News Network. A Time Warner Company. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy
Copyright © 2009 BigCharts.com Inc. All rights reserved. Please see our Terms of Use.
MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc.
Intraday data provided by Interactive Data Real-Time Services and subject to the Terms of Use.
Intraday data is at least 20-minutes delayed. All times are ET.
Historical, current end-of-day data, and splits data provided by Interactive Data Pricing and Reference Data.
Fundamental data provided by Morningstar, Inc..
SEC Filings data provided by Edgar Online Inc..
Earnings data provided by FactSet CallStreet, LLC.