STAND. COM. REP. NO. 1154-18

Honolulu, Hawaii

, 2018

RE: S.B. No. 48

S.D. 3

Honorable Scott K. Saiki

Speaker, House of Representatives

Twenty-Ninth State Legislature

Regular Session of 2018

State of Hawaii

Sir:

Your Committee on Economic Development & Business, to which was referred S.B. No. 48, S.D. 3, entitled:

"A BILL FOR AN ACT RELATING TO TECHNOLOGY,"

begs leave to report as follows:

The purpose of this measure is to assist the Hawaii Technology Development Corporation to continue its mission of developing Hawaii's high technology business sector by:

(1) Appropriating funds for the operational and administrative costs of the Corporation and its various programs to provide incubation services for businesses in the state; and

(2) Requesting the Department of Accounting and General Services to locate a new site to which the Hawaii technology development corporation may relocate that would allow for the continued provision of incubation services to businesses in the State.

The Department of Business, Economic Development and Tourism, Hawaii Technology Development Corporation, TeleVoice 2000, 3D Innovations, Tow Choice, Hawaii Evolutionary Development, LLC, Hawaii Center for Advanced Transportation Technologies, Hawaii Fish Company, HI FusionED, DevLeague Inc, Nalu Scientific, LLC, Oahu County Committee on Legislative Priorities of the Democratic Party of Hawai‘i, Kuehnle AgroSystems Inc., The Chamber of Commerce Hawaii, and two concerned individuals testified in support of this measure. The Department of Accounting and General Services provided comments.

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. 48, S.D. 3, and recommends that it pass Second Reading and be referred to your Committee on Higher Education.

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

____________________________

CINDY EVANS, Chair