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Maile David, Council Chair and Members of the County Council County of Hawai`i Page 3 Economic Element • Provide an economic environment that allows new, expanded, or improved economic opportunities that are compatible with the County's cultural, natural, and social environment. • Strive for diversification of the economy by strengthening existing industries and attracting new endeavors. • Strive for diversity and stability in the economic system. Under Section C-2-a(2) of the Amended Urban Renewal Plan (1965), the entire area occupied by the Hilo Iron Works is designated as limited industrial. The Plan further states that "the only industrial uses permitted within the Project Area (i.e., Plan area) shall be the Honolulu [sic] Iron Works operations and the commercial fishing and related activities". In 1975 the Hilo Community Development Plan (CDP) listed six recommendations for allocating industrial land within the Hilo CDP boundaries: 1. Availability of large, relatively flat and developable land which has expansion potential for industrial use beyond the period of this plan, but which does not encroach appreciably on agricultural suitable lands or into areas which are suitable for other urban uses. 2. Accessibility to port facilities for import and export of fuel and materials. 3. Accessibility to the airport for the shipment of goods. 4. Good road access to living areas or employees and to the commercial and financial facilities of Hilo. 5. Availability, at economic cost, of utility systems. 6. Compatibility with nearby land uses, with any noxious industrial uses buffered from residential and other urban activities. The 2005 County of Hawai`i General Plan (GP) included an amendment that changed the GP designation for the Hilo Iron Works site from Open to Industrial; it should be noted that the GP identified the Hilo Iron Works site specifically as appropriate for industrial-commercial zoning and uses.