STAND. COM. REP. NO. 3920

Honolulu, Hawaii

RE: H.B. No. 2225

H.D. 1

S.D. 1

Honorable Ronald D. Kouchi

President of the Senate

Thirty-First State Legislature

Regular Session of 2022

State of Hawaii

Sir:

Your Committee on Ways and Means, to which was referred H.B. No. 2225, 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 moneys to the Hawaii Technology Development Corporation for its programs that support small businesses in innovation and research, manufacturing businesses, and start-up accelerators.

Your Committee received written comments in support of this measure from the Hawaii Technology Development Corporation; Chamber of Commerce Hawaii; Hawaii Food Manufacturers Association; Diamond Bakery Co., Ltd.; Hawaii Food Products; JPG Hawaii, Inc.; Hawaii Venture Capital Association; Mana Up; Noho Home; Hawaii Fish Company, Inc.; Ko Hana Distillers; Hawaii Farm Bureau; Nalu Scientific, LLC; Federal Industrial Corporation; VisSidus Technologies, Inc.; Purple Maia Foundation; Big Island Coffee Roasters; Ocean Era, Inc.; Referentia Systems Incorporated; Hawaii Food Industry Association; and two individuals.

Your Committee received written comments on this measure from the Department of Budget and Finance and Open Access.

Your Committee finds that the appropriations made by this measure to the Hawaii Technology Development Corporation for the specified programs will assist the Corporation's efforts to fund and support technology, manufacturing, and start-up businesses, which are important, growing sectors of the State's economy.

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. 2225, 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,

________________________________

DONOVAN M. DELA CRUZ, Chair