Honorable Robert Bunda

President of the Senate

Twenty-Second State Legislature

Regular Session of 2004

State of Hawaii

Sir:

Your Committees on Water, Land, and Agriculture and Economic Development, to which was referred H.C.R. No. 260 entitled:

beg leave to report as follows:

The purpose of this measure is to request the College of Tropical Agriculture and Human Resources of the University of Hawaii to develop and manage an agribusiness incubator in Waialua.

Testimony in support of the measure was received from the Department of Agriculture and the University of Hawaii.

Your Committees find that this measure is designed to promote and nurture a strong and diversified agricultural industry in Hawaii. An agribusiness incubator, located on available agricultural lands in Waialua, would provide important financial incentives as well as business and technical expertise to entrepreneurs interested in developing new agribusiness products in Hawaii.

As affirmed by the records of votes of the members of your Committees on Water, Land, and Agriculture and Economic Development that are attached to this report, your Committees concur with the intent and purpose of H.C.R. No. 260, and recommend its adoption.