STAND. COM. REP. NO. 76

                                   Honolulu, Hawaii
                                                     , 1999

                                   RE:  S.B. No. 1503
                                        S.D. 1




Honorable Norman Mizuguchi
President of the Senate
Twentieth State Legislature
Regular Session of 1999
State of Hawaii

Sir:

     Your Committee on Economic Development, to which was
referred S.B. No. 1503 entitled: 

     "A BILL FOR AN ACT RELATING TO TECHNICAL ASSISTANCE TO
     MICROENTERPRISES PROVIDED UNDER GRANTS TO NONPROFIT BUSINESS
     DEVELOPMENT ORGANIZATIONS,"

begs leave to report as follows:
     
     The purpose of this measure is to establish a mechanism to
provide microenterprise technical assistance grants and loans to
individuals and small businesses.

     Your Committee received comments on this measure from the
Department of Business, Economic Development, and Tourism.

     Your Committee finds that small, entrepreneurial businesses
face many obstacles in both start-up operations and further
development.  Providing additional options for financing and
technical assistance is critical to the success of these small
companies, and a key component in Hawaii's economic recovery.

     Your Committee is in support of the services provided by
this measure.  Your Committee has amended this measure, by adding
definitions of Department and Director of Business, Economic
Development, and Tourism and by making technical amendments.

     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

 
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                                   STAND. COM. REP. NO. 76
                                   Page 2


of S.B. No. 1503, as amended herein, and recommends that it pass
Second Reading in the form attached hereto as S.B. No. 1503,
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,



                                   ______________________________
                                   LORRAINE R. INOUYE, Chair

 
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