STAND. COM. REP. NO. 3046

Honolulu, Hawaii

RE: S.B. No. 2081

S.D. 2

Honorable Ronald D. Kouchi

President of the Senate

Thirty-Second State Legislature

Regular Session of 2024

State of Hawaii

Sir:

Your Committee on Ways and Means, to which was referred S.B. No. 2081, S.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO ECONOMIC DEVELOPMENT,"

begs leave to report as follows:

The purpose and intent of this measure is to promote the growth and diversification of Hawaii's aerospace and aeronautics industries.

Specifically, this measure:

(1) Establishes the Aerospace and Aeronautics Development Program;

(2) Establishes the powers and duties of the program and its director; and

(3) Appropriates moneys to establish the program.

Your Committee received written comments in support of this measure from the Department of Business, Economic Development and Tourism; Hawaii Technology Development Corporation; and Chamber of Commerce Hawaii.

Your Committee finds that this measure will help to diversify and strengthen the State's economy by promoting the growth and diversification of Hawaii's aerospace and aeronautics businesses, which create high-paying jobs and take advantage of the State's unique geographic positioning and geological features.

Your Committee has amended this measure by deleting the appropriation to establish the program.

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 S.B. No. 2081, S.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 2081, S.D. 2.

Respectfully submitted on behalf of the members of the Committee on Ways and Means,

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DONOVAN M. DELA CRUZ, Chair