STAND. COM. REP. NO. 1980

Honolulu, Hawaii

RE: H.B. No. 340

H.D. 1

S.D. 1

Honorable Ronald D. Kouchi

President of the Senate

Thirtieth State Legislature

Regular Session of 2019

State of Hawaii

Sir:

Your Committee on Ways and Means, to which was referred H.B. No. 340, H.D. 1, S.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO HAWAII TECHNOLOGY DEVELOPMENT CORPORATION,"

begs leave to report as follows:

The purpose and intent of this measure is to appropriate funds to the Hawaii Technology Development Corporation for the Small Business Innovation Research Program and Manufacturing Assistance Program.

The measure also appropriates funds into and out of the alternative energy research and development revolving fund for the purpose of providing grants to qualifying businesses that conduct alternative energy research.

Your Committee received written comments in support of this measure from the Hawaii Technology Development Corporation; Chamber of Commerce Hawaii; Makai Ocean Engineering, Inc; Oceanit; and one individual.

Your Committee finds that continuation of the Small Business Innovation Research Program and Manufacturing Assistance Program will support further growth in Hawaii's manufacturing industry, and that providing grants to qualifying businesses will encourage alternative energy research and development.

As affirmed by the record of votes of the members of your Committee on Ways and Means that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 340, H.D. 1, S.D. 1, and recommends that it pass Third Reading.

Respectfully submitted on behalf of the members of the Committee on Ways and Means,

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DONOVAN M. DELA CRUZ, Chair