STAND. COM. REP. NO. 2975
Honolulu, Hawaii
RE: H.B. No. 2174
H.D. 1
Honorable Ronald D. Kouchi
President of the Senate
Twenty-Ninth State Legislature
Regular Session of 2018
State of Hawaii
Sir:
Your Committee on Economic Development, Tourism, and Technology, to which was referred H.B. No. 2174, H.D. 1, entitled:
"A BILL FOR AN ACT RELATING TO THE DEPARTMENT OF BUSINESS, ECONOMIC DEVELOPMENT, AND TOURISM,"
begs leave to report as follows:
The purpose and intent of this measure is to:
(1) Establish the high-growth grant program in the Department of Business, Economic Development, and Tourism to assist qualified businesses by providing grants for specific business development purposes;
(2) Establish the high-growth grant program special fund; and
(3) Appropriate funds to the high-growth grant program special fund to implement the high-growth grant program.
Your Committee received testimony in support of this measure from the Department of Business, Economic Development, and Tourism; Chamber of Commerce Hawaii; O‘ahu County Committee on Legislative Priorities of the Democratic Party of Hawai‘i; Maui Gold Pineapple Company; Hawai‘i Farm Bureau; and one individual.
Your Committee finds that a high-growth grant program will help businesses in Hawaii further develop by expanding their business operations, improving the quality and efficiency of their operations, and staying updated with safety and quality control programs. This grant program will support businesses by assisting in purchasing equipment, conducting management and workforce training, improving infrastructure, and conducting consulting or feasibility studies. Your Committee believes that the high-growth grant program will expand businesses in Hawaii to compete with mainland counterparts and spur economic development in Hawaii.
As affirmed by the record of votes of the members of your Committee on Economic Development, Tourism, and Technology that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 2174, H.D. 1, and recommends that it pass Second Reading and be referred to your Committee on Ways and Means.
Respectfully submitted on behalf of the members of the Committee on Economic Development, Tourism, and Technology,
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________________________________ GLENN WAKAI, Chair |
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