STAND. COM. REP. NO. 917-14
Honolulu, Hawaii
, 2014
RE: S.B. No. 2981
S.D. 2
Honorable Joseph M. Souki
Speaker, House of Representatives
Twenty-Seventh State Legislature
Regular Session of 2014
State of Hawaii
Sir:
Your Committee on Economic Development & Business, to which was referred S.B. No. 2981, S.D. 2, entitled:
"A BILL FOR AN ACT RELATING TO THE ECONOMY,"
begs leave to report as follows:
The purpose of this measure is to promote and encourage innovation and entrepreneurship in Hawaii by incorporating those ideals into the policies, objectives, and priority guidelines of the Hawaii State Plan concerning the economy and information technology.
Your Committee finds that Hawaii must continue to find ways to diversify its economy to ensure long-term economic viability. In order to achieve this important goal, investments must be made in business mentoring and development, and resources must be allocated to attract private-public capital to develop new business industries.
Establishing a framework that prioritizes and coordinates Hawaii's efforts to develop new growth sectors, such as telecommunications and information technology, will encourage innovative activity and entrepreneurship. Promoting and encouraging innovation and entrepreneurial activities will benefit the State and its economy by facilitating the creation of new businesses in Hawaii and attracting investment from outside the State.
As affirmed by the record of votes of the members of your Committee on Economic Development & Business that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 2981, S.D. 2, and recommends that it pass Second Reading and be referred to the Committee on Finance.
Respectfully submitted on behalf of the members of the Committee on Economic Development & Business,
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____________________________ CLIFT TSUJI, Chair |
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