STAND. COM. REP. NO. 641

 

Honolulu, Hawaii

                  

 

RE:    S.B. No. 764

       S.D. 1

 

 

 

Honorable Ronald D. Kouchi

President of the Senate

Twenty-Ninth State Legislature

Regular Session of 2017

State of Hawaii

 

Sir:

 

     Your Committee on Ways and Means, to which was referred S.B. No. 764 entitled:

 

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

 

begs leave to report as follows:

 

     The purpose and intent of this measure is to support the development of the State's manufacturing industry by appropriating funds to the High Technology Development Corporation to continue operations of the manufacturing development program.

 

     Your Committee received written comments in support of this measure from the Department of Business, Economic Development, and Tourism; High Technology Development Corporation; Chamber of Commerce Hawaii; Maui Chamber of Commerce; Kuehnle AgroSystems; K. Yamada Distributors; Aloha Shoyu Company; Hawaii Coffee Company; Maui Brewing Company; Oceanit; First Commercial Kitchen LLC; Makai Ocean Engineering, Inc.; Hawaii Food Industry Association; Hawaii Fish Company; and one concerned individual.

 

     Your Committee received written comments on this measure from Dyezigns LLC.

 

     Your Committee finds that the manufacturing industry is a key driver of an innovative economy, with its ongoing development of cost-effective methods, new technologies, and export products that allow the State to compete in a global market.  Your Committee further finds that the manufacturing development program has helped aid manufacturers in the State through its program grants, which ultimately helps the State by increasing the production of goods for both local consumption and export.

 

     Your Committee has amended this measure by:

 

     (1)  Changing the amount appropriated for the manufacturing development program from $1,500,000 to an unspecified sum; and

 

     (2)  Changing the effective date to July 1, 2050, to facilitate further discussion on the measure.

 

     As affirmed by the record of votes of the members of your Committee on Ways and Means that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 764, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 764, S.D. 1.

 

Respectfully submitted on behalf of the members of the Committee on Ways and Means,

 

 

 

________________________________

JILL N. TOKUDA, Chair