Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Third State Legislature

Regular Session of 2006

State of Hawaii

Sir:

Your Committee on Economic Development & Business Concerns, to which was referred H.B. No. 2925 entitled:

begs leave to report as follows:

The purpose of this bill is to appropriate $500,000 for the Hawaii Community-Based Economic Development Technical and Financial Assistance Program to provide low-interest grants to various community-based entrepreneurs.

The Hawaii Alliance for Community Based Economic Development, Hawaii Small Business Development Center Network, Molokai Chamber Of Commerce, Volunteer Legal Services Hawaii, Hawaii Alliance of Nonprofit Organizations, Kona Pacific Farmers Cooperative, and The Arc of Hilo testified in support of this bill. The Department of Business, Economic Development, and Tourism supported the intent of this measure.

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. 2925 and recommends that it pass Second Reading and be referred to the Committee on Finance.