STAND. COM. REP. NO.  1469

Honolulu, Hawaii

                , 2017

RE:   H.C.R. No. 170

Honorable Joseph M. Souki

Speaker, House of Representatives

Twenty-Ninth State Legislature

Regular Session of 2017

State of Hawaii

Sir:

     Your Committee on Economic Development & Business, to which was referred H.C.R. No. 170 entitled:

"HOUSE CONCURRENT RESOLUTION RECOGNIZING AND SUPPORTING THE POSITIVE ECONOMIC IMPACT OF FOREIGN DIRECT INVESTMENT TO THE STATE OF HAWAII,"

begs leave to report as follows:

The purpose of this measure is to express the Legislature's recognition and support of the subsidiaries of foreign companies in Hawaii for their positive economic impact to Hawaii's economy through their foreign direct investments.

A concerned individual opposed this measure.

     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 concurs with the intent and purpose of H.C.R. No. 170 and recommends that it be referred to your Committee on Finance.

Respectfully submitted on behalf of the members of the Committee on Economic Development & Business,

____________________________

MARK M. NAKASHIMA, Chair