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HomeMy WebLinkAboutREP GREDC 002 2019/11/19 2018-2020 REPORT OF THE COMMITTEE ON GOVERNMENTAL RELATIONS AND ECONOMIC DEVELOPMENT DATE: November 19, 2019 Re: Comm. No. 601/Res. 400-19 PLACE: Council Chambers Kailua-Kona, Hawaii TIME: 1:19 P.M. Council Chair and Members Hawaii County Council Hilo, Hawaii 96720 Your Committee on Governmental Relations and Economic Development, to which was referred Resolution No. 400-19, reports as follows: Resolution No. 400-19, transmitted by Council Member Herbert M. "Tim" Richards, via Communication No. 601 dated October 30, 2019, requests the nomination of the North Kohala Enterprise Zone for Re-Designation by the Governor, as the District of North Kohala proved this designation was economically beneficial. The State of Hawaii had previously designated the District of North Kohala as an Enterprise Zone for a twenty-year period, set to expire in April 2020, pursuant to Chapter 209E, Hawaii Revised Statutes, and Chapter 6 of Title 15, Hawaii Administrative Rules. Further, Section 31-1, Hawaii County Code 1983 (2016 edition, as amended) states that the purpose of designating an area as an enterprise zone is to stimulate business and industrial growth, as well as providing State incentives such as a seven-year exemption from general excise taxes on gross proceeds from all business conducted within an enterprise zone, and an eighty percent income tax abatement the first year. Council Member Richards pointed out that the purpose and intent of Enterprise Zones, as well as the aspects of the content of the Resolution No. 400-19, had just been discussed and handled by Hawaii County Economic Development Specialist Jane Horike of the Research and Development Department in an accompanying presentation, as referenced in Communication No. 600. He noted that even with the resolution being passed by Your Committee on this day,the measure would still need to go through the governor's office for approval. He thanked Ms. Horike for attending the Committee meeting in person in Kona from her Hilo office, and urged his colleagues to support the measure. Committee Chair Ashley Kierkiewicz thanked Council Member Richards for looking out for his community and noted how beneficial the program was. She then called for the vote. GREDC Report No.2 i GREDC-2 Page 2 November 19,2019 Your Committee on Governmental Relations and Economic Development is in accord with the purpose and intent of Resolution No. 400-19 and recommends it's adoption. I i ck AYES NOES ABS Ex Respectfully submitted, CHUNG x DAVID x COMMITTEE ON GOVERNMENTAL EOFF x RELATIONS AND ECONOMIC DEVELOPMENT KANEALI`I- X KLEINFELDER KIERKIEWICZ x LEE LOY X POINDEXTER x ASHLEY L. KIERKIEWICZ, CHAIR RICHARDS x GREDC REPORT NO.: 2 VILLEGAS x ADOPTED: DEC 4 __