July 6, 2012

Legislative Report 2012

HAWAII INNOVATION ECONOMY INITIATIVE
By taking advantage of our strategic position in the Pacific, a world-class university system, and our natural pristine environment, we can cross-leverage many clean, innovative industries in Hawaii. Below are a few of our bills that were part of the Hawaii Innovation Economy Initiative this past session.


Our legislators look on as Governor Abercrombie 
signs the PISCES bill.
HB2873 (Aerospace)
THE PACIFIC INTERNATIONAL SPACE CENTER FOR EXPLORATION SYSTEMS (PISCES)
PISCES, promotes the establishment and growth of new sustainable and green industries along with associated jobs, workforce development, internships, and science, technology, engineering, and math education programs. Transmitted to the Governor on May 7, 2012

SB2236 (Broadband)
INFORMATION TECHNOLOGY
Assist utilities serving the general public in providing enhanced broadband to the community.
Enrolled to the Governor on May 8, 2012

SB2695 (Agriculture)
LIVESTOCK FEED
Self-sufficiency is critical to Hawaii’s food security and ability to respond effectively in the event of natural disasters or disruptions in transportation. This measure creates a livestock feed feasibility pilot project to assess the viability of and, to the extent feasible, begin growing and processing livestock feed within the State.
Act 122 signed on June 15, 2012.

HB2869 (Film & Digital Media)
THE ECONOMY
Capitalizes on the convergence of Hawaii’s film, television, entertainment, digital media, and music industries by pursuing long-term growth through a comprehensive strategy to expand the number of high-quality local jobs in these industries. The incentives in this Act were intended to implement the strategy by encouraging the use of Hawaii as a site for filming and the digital production of films, and to develop and sustain the workforce and infrastructure for Hawaii’s film, television, entertainment, digital media, and music industries.

HB2319 (Venture Accelerator)
ECONOMIC DEVELOPMENT
The State has a strong interest in diversifying its economy and promoting the development of innovative companies in the creative and high technology sectors and that programs to support innovative companies and attract investment capital to the State have been successful. Building on the successful efforts to mobilize private sector venture capital for Hawaii-based small businesses, through the Hawaii venture capital investment programs of Hawaii’s institutional investors and the Hawaii strategic development corporation, by establishing a venture accelerator funding program to provide business advisors, mentors, and resources to enable Hawaii’s technology entrepreneurs to successfully compete for investment capital.
Transmitted to the Governor on May 7, 2012