STAND. COM. REP. 2334

Honolulu, Hawaii

, 2004

RE: S.B. No. 2563

S.D. 1

 

 

Honorable Robert Bunda

President of the Senate

Twenty-Second State Legislature

Regular Session of 2004

State of Hawaii

Sir:

Your Committee on Economic Development, to which was referred S.B. No. 2563 entitled:

"A BILL FOR AN ACT RELATING TO SMALL BUSINESS DEVELOPMENT,"

begs leave to report as follows:

The purpose of this measure is to appropriate funds to support various programs administered through the Small Business Development Center.

The Department of Business, Economic Development, and Tourism; the Hawaii Small Business Development Center Network; Agricultural Development Support Systems, Inc.; and an individual testified in support of the measure.

Your Committee finds that this measure provides funding to expand the Economic Development Program of the Small Business Development Center located at the University of Hawaii at Hilo. This statewide program provides essential business training, counseling, advocacy, and research activities to approximately one thousand individuals involved in small businesses.

Your Committee has amended this measure by referring to "leveraged small businesses investment companies" as opposed to small business investment companies that issue leverage and by making technical changes to the measure.

As affirmed by the record of votes of the members of your Committee on Economic Development that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 2563, as amended herein, and recommends that it pass Second Reading in the form attached hereto as S.B. No. 2563, S.D. 1, and be referred to the Committee on Ways and Means.

Respectfully submitted on behalf of the members of the Committee on Economic Development,

____________________________

CAROL FUKUNAGA, Chair