Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Second State Legislature

Regular Session of 2004

State of Hawaii

Sir:

Your Committees on Water, Land Use, and Hawaiian Affairs and Economic Development and Business Concerns, to which was referred H.B. No. 2840 entitled:

beg leave to report as follows:

The purpose of this bill is to seek alternative ways to diversify Hawaii's economy by appropriating $100,000 for the Hawaii Community Development Authority (HCDA) to study the feasibility of a technical park project in Kalaeloa, Oahu.

As envisioned, a technical park would offer opportunities in areas including biotechnology and complementary medicine, high value aquaculture and neutraceuticals, and alternative energy technology. The development of such a park in Kalaeloa has the potential to generate significant job growth in Oahu's "Second City."

HCDA and Life of the Land offered comments.

As affirmed by the records of votes of the members of your Committees on Water, Land Use, and Hawaiian Affairs and Economic Development and Business Concerns that are attached to this report, your Committees are in accord with the intent and purpose of H.B. No. 2840 and recommend that it pass Second Reading and be referred to the Committee on Finance.