THE SENATE

S.C.R. NO.

98

TWENTY-SECOND LEGISLATURE, 2003

 

STATE OF HAWAII

 
   


SENATE CONCURRENT

RESOLUTION

 

convening an economic summit.

 

WHEREAS, the "New Economy" is a knowledge- and idea-based economy where the key to higher standards of living and job creation is the extent to which innovative ideas and technologies are embedded in services, products, and manufacturing processes; and

WHEREAS, its characteristics include an increase in knowledge-based jobs, higher levels of entrepreneurial dynamism and competition, faster times to market, increased product and service diversity, constant technological innovation, globalization, the replacement of hierarchical organization structures with networked learning organizations, and relentless economic churning; and

WHEREAS, as Hawaii embarks on its aggressive economic agenda, it is imperative that our entrepreneurs, investors, and businesses have the necessary tools to prosper in the New Economy; and

WHEREAS, now more than ever Hawaii's public policies and legislative initiatives must foster not only a positive business climate, but provide the necessary building blocks for competing in the New Economy; and

WHEREAS, workforce development, investing in our public schools and the University of Hawaii, creating business incentives to further investment in high-technology companies, ensuring availability of investment capital, and modernizing government operations are essential initiatives that need to be further developed; and

WHEREAS, the result will be an economic infrastructure and culture that breeds innovation, entrepreneurship, investment, creativity, and knowledge-based jobs that ultimately lead to higher wages, enhanced quality of life, and economic prosperity for Hawaii; and

WHEREAS, the New Economy, however, is not merely about high-technology industries, but involves every facet of our existing economy–-tourism, agriculture, government services, nonprofit organizations-–everything is engulfed in the New Economy; and

WHEREAS, the New Economy, although revitalizing, is still vulnerable to current local, national, and international economic, social, and political events; and

WHEREAS, Hawaii's businesses require a forum to focus on and discuss how to expand their businesses and the overall economy of the State in light of those realities; and

WHEREAS, the State desires a venue to interact with and receive input from Hawaii's businesses and business organizations in order to determine how the State can facilitate economic successes in Hawaii; now, therefore,

BE IT RESOLVED by the Senate of the Twenty-Second Legislature of the State of Hawaii, Regular Session of 2003, the House of Representatives concurring, that the Department of Business, Economic Development, and Tourism (DBEDT) is requested to convene an Economic Summit in October 2003 to develop and recommend a strategic plan for increasing job creation in high-demand industries, expanding Hawaii's emerging industry clusters, and maximizing Hawaii's strategic assets for growing the State's economy; and

BE IT FURTHER RESOLVED that DBEDT shall convene the Economic Summit with the collaboration and participation of:

(1) The regional Economic Development Boards throughout the State;

(2) The Chamber of Commerce of Hawaii, and other chambers of commerce in the State;

(3) The Hawaii Business Roundtable; and

(4) Other Hawaii business organizations and coalitions; and

BE IT FURTHER RESOLVED that DBEDT submit the strategic plan and a report on the Economic Summit, including recommendations and proposed legislation, to the Legislature not later than twenty day prior to the convening of the Regular Session of 2004; and

BE IT FURTHER RESOLVED that certified copies of this Concurrent Resolution be transmitted to Director of Business, Economic Development, and Tourism, the Economic Development Boards of each county, the Chamber of Commerce of Hawaii, and the Hawaii Business Roundtable.

 

 

 

OFFERED BY:

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Report Title:

Economic Summit; DBEDT to Convene