Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Third State Legislature

Regular Session of 2005

State of Hawaii

Sir:

Your Committee on Economic Development & Business Concerns, to which was referred H.B. No. 133 entitled:

begs leave to report as follows:

The purpose of this bill is to require the Department of Business, Economic Development, and Tourism (DBEDT) to develop and implement plans, programs, and initiatives to facilitate the diversification of the State's economy.

The Department of Education testified in support of the bill. DBEDT supported the intent of the measure.

Your Committee finds that a clear need exists to improve the strategic planning, efficiency of operations, and coordination of the State's efforts at economic diversification. This bill assigns specific duties to DBEDT to help further enhance the diversification of Hawaii's economy.

As affirmed by the record of votes of the members of your Committee on Economic Development & Business Concerns that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 133 and recommends that it pass Second Reading and be referred to the Committee on Finance.