STAND. COM. REP. NO.  1216-20

 

Honolulu, Hawaii

                , 2020

 

RE:   S.B. No. 1443

      S.D. 1

 

 

 

 

Honorable Scott K. Saiki

Speaker, House of Representatives

Thirtieth State Legislature

Regular Session of 2020

State of Hawaii

 

Sir:

 

     Your Committee on Economic Development & Business, to which was referred S.B. No. 1443, S.D. 1, entitled:

 

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

 

begs leave to report as follows:

 

     The purpose of this measure is to prohibit any company from being awarded a grant in consecutive years under the Manufacturing Development Program of the Hawaii Technology Development Corporation.

 

     Your Committee received comments on this measure from the Hawaii Technology Development Corporation.

 

     Your Committee finds that continued support for manufacturing is important to Hawaii's economy.  Your Committee further finds that limiting a company from receiving grants from the Manufacturing Development Program in consecutive years will enable more companies to benefit from the Program's grants.

 

     As affirmed by the record of votes of the members of your Committee on Economic Development & Business that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 1443, S.D. 1, and recommends that it pass Second Reading and be referred to your Committee on Finance.

 

 

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

 

 

 

 

____________________________

ANGUS L.K. McKELVEY, Chair