STAND. COM. REP. NO.  765

 

Honolulu, Hawaii

                , 2017

 

RE:   H.B. No. 595

      H.D. 1

 

 

 

 

Honorable Joseph M. Souki

Speaker, House of Representatives

Twenty-Ninth State Legislature

Regular Session of 2017

State of Hawaii

 

Sir:

 

     Your Committee on Finance, to which was referred H.B. No. 595, H.D. 1, entitled:

 

"A BILL FOR AN ACT RELATING TO THE HIGH TECHNOLOGY DEVELOPMENT CORPORATION,"

 

begs leave to report as follows:

 

     The purpose of this measure is to support the innovation industry by appropriating funds to the High Technology Development Corporation (HTDC) to continue the Hawaii Small Business Innovation Research Program, including plans for the provision of grants and loans for Phase III awards where applicable.

 

     The Chamber of Commerce Hawaii; Hawaii Food Industry Association; KaiKini Bikinis; Kolohala Holdings, LLP; Hawaii Evolutionary Development, LLC; Spectrum Photonics; Experiad Solutions; Hyperspective; 3SRM Inc.; Hawaii Fish Company; HNu Photonics; Maui Chamber of Commerce; Kona-Kohala Chamber of Commerce; and an individual testified in support of this measure.  HTDC provided comments on this measure.  

 

     As affirmed by the record of votes of the members of your Committee on Finance that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 595, H.D. 1, and recommends that it pass Third Reading.

 

Respectfully submitted on behalf of the members of the Committee on Finance,

 

 

 

 

____________________________

SYLVIA LUKE, Chair