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.C.R. No. 82 entitled:

begs leave to report as follows:

The purpose of this concurrent resolution is to diversify Hawaii's economy by requesting the Governor, executive department agencies, and other stakeholders to work together to develop a strategy for the establishment of an Asia-focused fund management industry in Hawaii.

The Department of Business, Economic Development, and Tourism and The Pacific American Foundation supported 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 concurs with the intent and purpose of H.C.R. No. 82 and recommends its adoption.