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12: 0205 FRI 14.50 F,1X 808 986 8522 NH SAIP~IAV _ Q pag del -3- Dece~:.b,;:.-:: X00; W.H. SHIPMAN, LTD. This example may seem far fetched - but is not. Moreover, if we look a industrial parks and the businesses that inhabit thzm I think we will 5nd the follov,ing: • Such businesses generally have a higher wage scale then service industries and often higher then community average wages. • Such businesses provide a training ground where workers enter as unsl:ilied laborers and progress to workers with considerable sidlls and tie wages -hat go with those higher skill levels. • Often we find start up businesses either opesating out of ine-.ratrial condominiums or purchasing small lots to begin a business iI~ industrial p..rks- Such businesses when they survive become an important and stabilizin f;~rce in our economy. • Many of these businesses pro~~de products that compete ~.veli against In~po;tee products -thus increasing the State's ability to be self;;ufficient The sad truth is that if we handicap such businesses by n:quir.~.ng substantial fee; to move into business parks we are very probably causing signiflcar.t injury t9 the income factor without which no house is affordable. Moreover, we ma;- ven~ weL inhibit the community's ability to work its way through periodic recessiwas. FYnally we contribute to another problem -lack of quality jobs available for entrants into our economy from our High Schools, Community Colleges end Universities. When. we provide fewer qu<ility jobs for job entrants -these job entrants must either leave the State or settle for less satisfying and lower paying jobs. We would all agree that this is not a desirable solu~ion -even if it clid decrease the demand for housing. FSnally, if what we have is at its heart a community problem, ;hen what we need t~ fmd are community solutions to the problem. To find these solutions, there is more wz need to know: • Do we primarily have a housing supply problem? if so, what are the causes of *he lack of supply? o Generally the market will resolve a supplyproblom flat kith higher prices but later with much greater supply. If this s not 1',appeain~ over .*.:.me - why is it not happening? o How many households are there in Hawaii and what is the stod:, of housing of various types? o What is the growth in demand year to .ear and are there productive resources and land sufficient to meet Dais demand? Can we get ahead of the curve by some means? o Are we suffering from a temporary price bubble? • Do we primarily have an income problem? If there is insufficient income to secure housing -what is being done to encourage higher paying jobs?