STAND.
COM. REP. NO. 441
Honolulu, Hawaii
, 2025
RE: H.B. No. 1176
H.D. 1
Honorable Nadine K. Nakamura
Speaker, House of Representatives
Thirty-Third State Legislature
Regular Session of 2025
State of Hawaii
Madame:
Your Committee on Economic Development & Technology, to which was referred H.B. No. 1176 entitled:
"A BILL FOR AN ACT RELATING TO THE HAWAII TECHNOLOGY DEVELOPMENT CORPORATION,"
begs leave to report as follows:
The purpose of this measure is to establish the Hawaii Economic Diversification Grant Program under the Hawaii Technology Development Corporation to provide grants to qualified high technology businesses engaging in qualified research activities.
Your Committee finds that Hawaii's economy is heavily reliant on the tourism industry and that there is a need to support opportunities for economic diversification and the development of high technology businesses. This measure addresses this need by establishing the Hawaii Economic Diversification Grant Program to provide grants to qualified high technology businesses engaging in qualified research activities.
Your Committee has amended this measure by:
(1) Changing the effective date to July 1, 3000, to encourage further discussion; and
(2) Making technical, nonsubstantive amendments for the purposes of clarity, consistency, and style.
As affirmed by the record of votes of the members of your Committee on Economic Development & Technology that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 1176, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 1176, H.D. 1, and be referred to your Committee on Finance.
Respectfully submitted on behalf of the members of the Committee on Economic Development & Technology,
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____________________________ GREGGOR ILAGAN, Chair |
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