COM. REP. NO. 1231
RE: S.B. No. 1053
Honorable Scott K. Saiki
Speaker, House of Representatives
Thirty-First State Legislature
Regular Session of 2021
State of Hawaii
Your Committee on Economic Development, to which was referred S.B. No. 1053, S.D. 2, entitled:
"A BILL FOR AN ACT RELATING TO THE HAWAII COMMUNITY-BASED ECONOMIC DEVELOPMENT TECHNICAL AND FINANCIAL ASSISTANCE PROGRAM,"
begs leave to report as follows:
The purpose of this measure is to expand the eligibility of organizations that may receive community-based economic development technical and financial assistance beyond community-based organizations to also include for-profit businesses.
Your Committee finds that as the State continues
to diversify its economy, it is critical that the Department of Business, Economic
Development, and Tourism be allowed to provide technical and financial assistance
to a larger number of organizations and businesses throughout the State. This measure would provide greater
opportunities to for-profit businesses by allowing the State to be more
responsive to, and better assist in the success and viability of, these businesses.
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 of S.B. No. 1053, S.D. 2, 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,
SEAN QUINLAN, Chair