STAND. COM. REP. NO. 2496
RE: S.B. No. 2819
Honorable Ronald D. Kouchi
President of the Senate
Twenty-Eighth State Legislature
Regular Session of 2016
State of Hawaii
Your Committee on Economic Development, Environment, and Technology, to which was referred S.B. No. 2819 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 change the name of the High Technology Development Corporation to the Hawaii Technology Development Corporation to more accurately describe its mission.
Your Committee received testimony in support of this measure from the Department of Business, Economic Development, and Tourism and High Technology Development Corporation.
Your Committee finds that the High Technology Development Corporation, established by the Legislature in 1983, is tasked with the mission to grow the technology and innovation economy. High technology is an important driver in the diversification of Hawaii's economy and provides quality, high-paying jobs for Hawaii residents. With rapid advancements in telecommunication, the Internet, and automation, "high technology" is now simply referred to as "technology" and has become an integral component of leading business across all industries. Your Committee therefore finds that it is necessary to update the name of the High Technology Development Corporation to better fit its mission and to remove the outdated term "high technology".
As affirmed by the record of votes of the members of your Committee on Economic Development, Environment, and Technology that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 2819 and recommends that it pass Second Reading and be placed on the calendar for Third Reading.
Respectfully submitted on behalf of the members of the Committee on Economic Development, Environment, and Technology,
GLENN WAKAI, Chair