Bill Text: HI HB858 | 2013 | Regular Session | Amended

NOTE: There are more recent revisions of this legislation. Read Latest Draft

---

Bill Title: Hawaii Strategic Development Corporation; HI Growth Initiative ($)

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Passed) 2013-07-09 - Act 274, 7/9/2013 (Gov. Msg. No. 1380). [HB858 Detail]

Download: Hawaii-2013-HB858-Amended.html

---

 

 

STAND. COM. REP. NO.  276

 

Honolulu, Hawaii

                , 2013

 

RE:   H.B. No. 858

 

 

 

 

Honorable Joseph M. Souki

Speaker, House of Representatives

Twenty-Seventh State Legislature

Regular Session of 2013

State of Hawaii

 

Sir:

 

     Your Committee on Economic Development & Business, to which was referred H.B. No. 858 entitled:

 

"A BILL FOR AN ACT RELATING TO THE HI GROWTH INITIATIVE,"

 

begs leave to report as follows:

 

     The purpose of this measure is to provide $20,000,000 in appropriations for each year of fiscal biennium 2013-2015, for the Hawaii Strategic Development Corporation to implement the recommendations of the Governor's New Day Plan to reinvigorate state efforts to fuel an innovation economy and advance research innovation and commercialization.

 

     The Office of the Governor; Department of Business, Economic Development, and Tourism; University of Hawaii; High Technology Development Corporation; Hawaii Strategic Development Corporation; Hawaii Venture Capital Association; Kinetiq Labs; BizGym; Lemonade Alley; Umicam; Xenon Entertainment, LLC; Edutainment Resources, Inc.; Developing Critical Thinkers, LLC; Ikehu, Inc.; Hawaii Angels; Eyegenix, LLC; Akamai Capital, LLC; Enterprise Honolulu; Startup Capital Ventures; Blue Startups; Surf Line Hawaii, Ltd.; CFO Hawaii, LLC; Kineticor, Inc.; Creative Market Labs, Inc.; Nalukai Foundation; StartupHui, LLC; Hawaii Innovation Alliance; John Garcia Digital Media; Kona Pacific View; Creative Social Media Hawaii; and numerous individuals testified in support of this measure.  One individual submitted comments.

 

     As affirmed by the record of votes of the members of your Committee on Economic Development & Business that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 858 and recommends that it pass Second Reading and be referred to the Committee on Finance.

 

 

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

 

 

		____________________________ CLIFT TSUJI, Chair