STAND. COM. REP. NO. 873

Honolulu, Hawaii

, 2025

RE: H.B. No. 774

H.D. 2

Honorable Nadine K. Nakamura

Speaker, House of Representatives

Thirty-Third State Legislature

Regular Session of 2025

State of Hawaii

Madame:

Your Committee on Finance, to which was referred H.B. No. 774, H.D. 2, entitled:

"A BILL FOR AN ACT RELATING TO VALUE-ADDED PRODUCTS,"

begs leave to report as follows:

The purpose of this measure is to establish the Food and Product Innovation Network within the Agribusiness Development Corporation.

Your Committee received testimony in support of this measure from the Department of Agriculture; Office of Hawaiian Affairs; Department of Business, Economic Development, and Tourism; Agribusiness Development Corporation; Hawaiʻi Farm Bureau; Hawaii Food Industry Association; Local Food Coalition; Hawaii Fish Company Inc.; Ulupono Initiative; Maui Chamber of Commerce; Chamber of Commerce Hawaii; and one individual. Your Committee received comments on this measure from the University of Hawaiʻi System.

As affirmed by the record of votes of the members of your Committee on Finance that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 774, H.D. 2, and recommends that it pass Third Reading.

Respectfully submitted on behalf of the members of the Committee on Finance,

____________________________

KYLE T. YAMASHITA, Chair