STAND. COM. REP. NO. 1231

Honolulu, Hawaii

, 2021

RE: S.B. No. 1053

S.D. 2

Honorable Scott K. Saiki

Speaker, House of Representatives

Thirty-First State Legislature

Regular Session of 2021

State of Hawaii

Sir:

Your Committee on Economic Development, to which was referred S.B. No. 1053, S.D. 2, entitled:

"A BILL FOR AN ACT RELATING TO THE HAWAII COMMUNITY-BASED ECONOMIC DEVELOPMENT TECHNICAL AND FINANCIAL ASSISTANCE PROGRAM,"

begs leave to report as follows:

The purpose of this measure is to expand the eligibility of organizations that may receive community-based economic development technical and financial assistance beyond community-based organizations to also include for-profit businesses.

Your Committee received testimony in support of this measure from the Department of Business, Economic Development, and Tourism; and Hawai‘i Primary Care Association.

Your Committee finds that as the State continues to diversify its economy, it is critical that the Department of Business, Economic Development, and Tourism be allowed to provide technical and financial assistance to a larger number of organizations and businesses throughout the State. This measure would provide greater opportunities to for-profit businesses by allowing the State to be more responsive to, and better assist in the success and viability of, these businesses.

As affirmed by the record of votes of the members of your Committee on Economic Development that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 1053, S.D. 2, and recommends that it pass Second Reading and be referred to your Committee on Finance.

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

____________________________

SEAN QUINLAN, Chair