STAND. COM. REP. NO. 3273

 

Honolulu, Hawaii

                  

 

RE:    H.B. No. 2481

       H.D. 1

       S.D. 2

 

 

 

Honorable Donna Mercado Kim

President of the Senate

Twenty-Seventh State Legislature

Regular Session of 2014

State of Hawaii

 

Madam:

 

     Your Committee on Ways and Means, to which was referred H.B. No. 2481, H.D. 1, S.D. 1, entitled:

 

"A BILL FOR AN ACT RELATING TO THE HAWAII HIGH IMPACT CENTER FOR COMMERCIALIZATION,"

 

begs leave to report as follows:

 

     The purpose and intent of this measure is to establish the Hawaii High Impact Center for Commercialization to support small businesses that are based in Hawaii.

 

     Your Committee received written comments in support of this measure from the Department of Business, Economic Development, and Tourism; High Technology Development Corporation; The Chamber of Commerce of Hawaii; Spectrum Photonics; TeraSys Technologies; and Oceanit Laboratories Inc.  The Hawaii Strategic Development Corporation submitted written comments on the measure.

 

     Your Committee believes that it is vital for the State to support the advancement of technology and to encourage the growth of local businesses.  Your Committee finds that the Hawaii High Impact Center for Commercialization will provide technological support to a broad range of local businesses, provide capital to support accelerated commercialization activities and business infrastructure development, and promote high-paying job opportunities in the State.

 

     Your Committee has amended this measure by:

 

(1)  Broadening the scope of the accelerated commercialization activities for which the Hawaii High Impact Center for Commercialization may provide capital; and

 

(2)  Making technical nonsubstantive amendments for the purposes of style, clarity, and consistency.

 

     As affirmed by the record of votes of the members of your Committee on Ways and Means that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 2481, H.D. 1, S.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 2481, H.D. 1, S.D. 2.

 

Respectfully submitted on behalf of the members of the Committee on Ways and Means,

 

 

 

____________________________

DAVID Y. IGE, Chair