Video & Transcript Research : 'Economic Development'

Page 105 of 500
CA
Transcript Highlights:
  • development, workforce development, and educational partnerships.
  • I'm the CEO and president of the Los Angeles County Economic Development Corporation.
  • I'm the CEO and president of the Los Angeles County Economic Development Corporation and a subsidiary
  • growth and development?
  • I currently serve on the board of the International Economic Development Council and have the opportunity
Summary: The Assembly Select Committee on Asia, California, Trade and Investment held its first informational hearing to examine California’s economic ties with Asia, the effects of federal tariffs, and ways the state can strengthen trade, investment, tourism, and subnational diplomacy. Chair Jessica Caloza opened by emphasizing California’s role as the world’s fourth-largest economy and a major exporter to Asia, and several members and guests highlighted the importance of AAPI communities, sister-city relationships, and coordinated state outreach. Lieutenant Governor Eleni Kounalakis described California’s trade missions, APEC hosting, and ongoing climate and trade partnerships, while Japan’s deputy consul general underscored Japan’s role as a major investor and trading partner and encouraged continued engagement. The first panel, featuring leaders from the Los Angeles County Economic Development Corporation/World Trade Center Los Angeles, the San Francisco Chamber of Commerce, and Visit California, focused on trade, tourism, and investment trends. Witnesses said tariffs and federal uncertainty are disrupting logistics, manufacturing, business travel, higher education, and tourism, with particular concern about port activity, international student declines, and reduced visitation from Asia. They urged California to remain “open for business,” invest in promotion and infrastructure, and use trade missions, MOUs, and sister-city ties to maintain relationships and attract investment. The second panel, with economist Kyle Handley and trade expert Glenn Fukushima, focused on the mechanics and consequences of tariffs. Both said tariffs function as taxes on importers and consumers, raise costs for businesses, and create uncertainty that delays investment, hiring, and supply-chain decisions. They warned that California is especially exposed because of its ports, cross-border trade, and reliance on global supply chains, and said new federal vessel fees and shifting trade routes could divert commerce away from California. They argued that the long-term damage includes lost growth and reduced U.S. credibility, and recommended that California “tariff-proof” its economy through faster ports, better infrastructure, export assistance, and reduced permitting barriers. In the final panel, representatives from the San Diego Regional Chamber of Commerce, Asian Business Association California, and the Small Business Development Center emphasized future opportunities and the needs of small businesses. They said California should deepen ties with Asia through conventions, tourism, and sector-specific partnerships in life sciences, clean tech, semiconductors, hospitality, and small business trade. The witnesses stressed that small and minority-owned businesses need more access to trade missions, capital, technical assistance, and state support, and that California’s economic strength depends on coordinated efforts across regions and industries.
LA
Transcript Highlights:
  • Fund and identifying critical projects to enhance international trade and economic development.
  • With Governor Landry's ...aggressive approach to economic development opportunities and the five ports
  • Louisiana has a strong economic development activity going on.
  • They're making sure that the ports are aligned and coordinated with state economic development efforts
  • You're also looking at driving economic development.
Summary: The Louisiana Ports and Waterways Investment Commission met on May 14, 2026, with a quorum present and approved the July minutes. Leadership gave opening remarks welcoming new members and noting that the commission is now administratively housed with the Office of Multimodal Commerce, which is expected to provide staff support, resources, and help restart the commission’s strategic planning work. Commissioners said the next major agenda item will likely be consultant support and further work on the strategic plan. The commission then repealed a prior July resolution that had requested a Louisiana Ports Infrastructure and Development Fund and identified critical projects for international trade and economic development. Members said the resolution was well-intentioned but premature because the projects had not been fully vetted, LED had not been sufficiently involved, and there was no clear funding plan. The repeal passed by motion and vote, with commissioners emphasizing that the projects themselves remain supported and will be revisited in a more thorough format through the strategic plan. A major portion of the meeting focused on the collaborative marketing study for the five Lower Mississippi River ports. Joe Toomey and Ken Erickson of Polaris described a regional marketing strategy built from cargo analysis, stakeholder interviews, and port data, aimed at increasing trade, economic growth, foreign direct investment, infrastructure funding support, and long-term coordination. Commissioners and LED representatives said the effort shows stronger cooperation among the ports, will live at LED with a cooperative endeavor agreement, and is already being used in foreign investment outreach and as a possible template for other port regions. The commission also received an update from the navigation and safety task force. Steve Wall, the new NOBER president, said he would continue the work begun by the late Captain Toby Waddington, who was honored with a moment of silence. Commissioners reported that recommendations from the task force are being implemented, including air gap sensors, bridge-related planning, and bundled dredging projects in the current capital outlay process. The meeting ended with no public comment and adjourned after commissioners indicated they would meet again in the next quarter.
LA
Transcript Highlights:
  • Fund and identifying critical projects to enhance international trade and economic development.
  • With Governor Landry's aggressive approach to economic development opportunities and the five ports working
  • Lastly, to support Louisiana's long-term economic development plan, and certainly with what LED has put
  • Louisiana has a strong economic development activity going on.
  • And they're making sure that the ports are aligned and coordinated with state economic development efforts
Keywords: 965, house, all
Summary: The Louisiana Ports and Waterways Investment Commission met on May 14, 2026, with a quorum present to reopen the commission’s work after a long gap. Members approved the July minutes and heard an update that a bill was moving in the Legislature to transfer the commission’s administrative home to the Office of Multimodal Commerce, with the strategic plan expected to be restarted and a consultant likely considered at a future meeting. The chair and vice chair emphasized that the commission now has stronger staffing and a clearer home for its work. The commission then repealed its July resolution that had requested a new ports and waterways infrastructure fund and identified priority projects. Members said the earlier resolution was well-intentioned but premature because the projects had not been fully vetted, LED had not been sufficiently involved, and there was no clear funding structure. They said the projects would still be considered in the broader strategic planning process, but in a more thorough and coordinated form. A major portion of the meeting focused on the collaborative marketing strategy for the five Lower Mississippi River ports, presented by Joe Toomey and Ken Erickson of Polaris, with LED’s Paige Carter confirming LED will serve as the administrative home for the plan. The presenters described a data-driven regional effort built around unity, not uniformity, to promote the ports’ combined strengths, increase trade, attract foreign direct investment, support economic growth, and strengthen funding requests. Members praised the effort as a pilot for statewide coordination, noted that the plan will live at LED, and said it should help the state present a more unified message to investors and policymakers. The commission also received an update from the navigation and safety task force. Members observed a moment of silence for the late Captain Toby Waddingney, and Steve Wall, the new NOBER president, said he would continue the work using Waddingney’s notes. Commissioners reported that several recommendations from the task force are already being implemented, including bridge air-gap sensors, GIS tools, and dredging project coordination. The meeting ended with no public comment, plans for another meeting in the next quarter, and adjournment by motion.
VT

Vermont 2025-2026 Regular Session

Senate Session - 2026-02-25 - 1:00PM

Vermont Senate Floor Meeting

Transcript Highlights:
  • > it<00:10:36.000> is economic development which reports it is economic development which
  • on economic development. on economic development.
  • Senator from on economic development? Senator from Franklin. Franklin. Franklin.
  • <00:22:35.120> All committee on economic development?
  • All committee on economic development?
Keywords: 927, senate, all
MN

Minnesota 2025 1st Special Session

House Taxes Committee 3/6/25

Taxes

Transcript Highlights:
  • You may be wondering why the regional economic development organization for the MSP region is working
  • <00:32:14.279> Development the regional Economic Development the regional Economic Development
  • We cannot lose out on this important economic development opportunity.
  • study found that recent economic study found that developing<01:04:01.760> a<01:04:02.039>
  • <01:04:57.559> Development important Economic Development important Economic Development opportunity
MN
Transcript Highlights:
  • development activities in this particular area.
  • 07.880> site,<00:04:08.560> and a development-ready site, and a development-ready site,
  • > this economic development activities in this economic development activities in this particular
  • Um multiple positive economic returns.
  • Thank you for coming. >> Let's play hockey. of economic stability to the whole area. of economic stability
Keywords: 919, house, all
Summary: Representative Clardy introduced House File 4238, seeking a $5 million state general obligation investment for roads and infrastructure in Inver Grove Heights tied to the planned Minnesota Hockey Hall of Fame project, along with a separate requested $20 million cash appropriation for the facility itself. He described the bill as having statewide value and asked to focus first on the $5 million GO request. Mayor Brenda Dietrich and Community Development Director Jason Ziemer testified in support, calling the Hall of Fame a once-in-a-lifetime, transformative project for the city, the Twin Cities region, and the state. They said Inver Grove Heights expects to invest $14 million to $17 million locally for land acquisition and site improvements, and that the state funds would help pay for roads, utilities, stormwater work, grading, and right-of-way needs. They also emphasized that the public investment would support broader economic development in the area and accommodate a future I-494 interchange. Members asked about long-term ownership and maintenance, and were told the facility would be privately owned, with a developer owning about half and the Minnesota Hockey Hall of Fame nonprofit owning the ice arena portion. Another question raised whether the project would compete with the U.S. Hockey Hall of Fame; testifiers said it would instead work in tandem, with collaboration on exhibits and a potential benefit to the Eveleth institution. No vote or formal action was taken in the portion of the meeting shown.
MN

Minnesota 2025 1st Special Session

House Workforce, Labor, and Economic Development Finance and Policy Committee 2/11/25

Workforce, Labor, and Economic Development Finance and Policy

Transcript Highlights:
  • <00:04:56.919> development<00:04:57.440> peace workforce and economic development peace
  • <00:25:51.880> Development<00:25:52.480> Kevin today um Economic Development Kevin
  • <00:26:14.360> development<00:26:14.880> all McKinnon for economic development all
  • <00:26:22.919> development Commissioner for economic development Commissioner for economic
  • research uh at deed um the Economic and research uh at deed um the Economic Development<00:26:29.080
Keywords: 1183, house
Summary: The committee held an introductory organizational meeting for the newly named Workforce and Economic Development Committee, with Chair Dave Baker noting a quorum and that no votes or formal actions were scheduled. Members and staff introduced themselves and described their districts, backgrounds, and priorities. Several members emphasized worker protections, labor experience, small business concerns, rural economic issues, and the importance of balancing employer and employee interests. Others highlighted education-to-workforce pathways, affordability, support for seniors, and opportunities for immigrant and refugee communities. Chair Baker said he wants the committee to find a balance between protecting labor and ensuring a strong employment base, fair rules, and fair taxes, while also acknowledging concerns about recent policy trends and the need to get proposals right before they leave the committee. Members from both parties echoed themes of collaboration and economic opportunity, though some Republicans criticized past rules and regulations as burdensome on small businesses. The committee also welcomed nonpartisan staff and DFL/GOP staff, including the committee administrator, legislative assistant, House Research, and fiscal analysis staff. The committee then received an overview from DEED Commissioner Matt Varilek and deputy commissioners. Varilek described DEED’s mission as empowering growth of the Minnesota economy for everyone, increasing prosperity and extending it broadly, and coordinating with other agencies such as Labor and Industry to avoid duplication and use taxpayer dollars efficiently. He said DEED focuses on business attraction, retention, and expansion, workforce development, and helping Minnesotans—including people with disabilities—prepare for jobs and independent living. A deputy commissioner began outlining the economic development division’s structure and operations, but the transcript cuts off before the full presentation was completed.
NM

New Mexico 2025 Regular Session

IC - Revenue Stabilization and Tax Policy Dec 15th, 2025 at 01:04 pm

Revenue Stabilization & Tax Policy Committee

Transcript Highlights:
  • The modern era, and I would put that in quotations, of economic development incentives actually dates
  • development Tool, even though the evidence might not support that to economic experts.
  • With contracted economic development studies that show that they will more than pay for themselves.
  • He was writing for Illinois Economic Development, All the Art of War, where he talked about a similar
  • It's like if someone waves this economic development flag, then no questions are asked, and we go fight
Keywords: 996, all
MN

Minnesota 2025 1st Special Session

House Workforce, Labor, and Economic Development Finance and Policy Committee 5/6/25

Workforce, Labor, and Economic Development Finance and Policy

Transcript Highlights:
  • corner titled workforce and economic corner titled workforce and economic development<00:10:42.399
  • Uh Employment and Economic Development.
  • Workforce, Labor, and Economic Workforce, Labor, and Economic Development<00:26:39.520> Omnimus
  • am testifying on behalf of the Economic am testifying on behalf of the Economic Development<00:37
  • development project manager an economic development project manager and<00:37:55.040> supervisor<
Bills: HF3228, HF2441
CA
Transcript Highlights:
  • County Economic Development Corporation. Please have a seat at the table.
  • Economic and Workforce Development Department.
  • The Department of Economic Opportunity is the county's economic development agency.
  • The Department of Economic Opportunity is the county's economic development agency.
  • Department of Economic Opportunity is the county's economic development agency we were created two and
Summary: The joint Senate and Assembly labor committees held a hearing on the Los Angeles wildfires and their impact on workers, employers, and recovery efforts. Chairs and members emphasized that rebuilding should prioritize worker safety, equity, local hiring, and strong labor standards rather than simply moving quickly or relying on the lowest bidder. They also stressed the need to learn from past disasters and to create a more coordinated state response for future emergencies. Worker advocates described how domestic workers, day laborers, firefighters, and other frontline workers were affected by the fires. Testimony focused on workers being trapped in evacuation zones, lacking timely information in Spanish, losing jobs and income, and facing exposure to toxic debris without adequate PPE. Speakers called for expanded outreach and education, stronger Cal/OSHA enforcement, broader occupational safety coverage for domestic workers and day laborers, recall and transfer rights, childcare and transportation support, and a centralized disaster relief system that can quickly deliver cash aid and equipment regardless of immigration status. Firefighter Derek Irwin said California firefighters face serious carcinogenic exposure and urged continued funding for the firefighter cancer prevention and research program, along with a long-term state health monitoring and research effort similar to the World Trade Center Health Program. Building trades and labor representatives argued that cleanup and rebuilding should be done through community workforce agreements, prevailing wage, apprenticeship requirements, and local hire provisions, and said the state already has trained workers available. They also said federal debris-removal work through the Army Corps has limited the state’s ability to impose some standards, but that state and local funding or subsidies should trigger labor requirements. Employer and business representatives described major losses to property, inventory, revenue, and jobs, especially in Altadena and nearby areas. The Altadena Chamber said it is coordinating recovery resources, while a construction business owner said small local firms are being shut out of disaster contracts and proposed a more accessible procurement process for local and minority businesses. LAEDC presented preliminary estimates of billions in property damage and business disruption, tens of thousands of potential job losses, and a recovery timeline of five to ten years, warning that low-income communities will be disproportionately affected and that workforce retraining and upskilling will be needed alongside the broader economic recovery.
US

US Federal 2025-2026 Regular Session

US House Floor Proceedings (Monday, February 24, 2025)

US Federal House Floor Meeting

Transcript Highlights:
  • Utah is developing a future built on innovation and collaboration.
  • Utah is developing a future built on innovation and collaboration.
  • Utah is developing a future built on innovation and collaboration.
  • Utah is developing a future built on innovation and collaboration.
  • Space is research and development.
KY
Transcript Highlights:
  • I think that's the way economic development should work.
  • And so economic development should work.
  • that uh the Kentucky Economic that uh the Kentucky Economic Development<00:54:02.319> Finance
  • and I think that our economic and I think that our economic development<00:57:07.119> cabinet
  • <00:57:18.000> developers<00:57:18.640> a had pushed out to economic developers a had
Summary: The committee met for its third interim meeting, approved the prior meeting minutes, and heard a presentation from the Metals Innovation Initiative (MI2) on Kentucky’s metals industry. Speakers described metals manufacturing and recycling as a major economic backbone for the Commonwealth, including steel, aluminum, stainless steel, and copper operations, with broad impacts across production, fabrication, supply chains, and related businesses. They emphasized that the industry supports high-paying jobs, significant capital investment in Kentucky, and is aligned with broader efforts to expand U.S. manufacturing. A central theme was workforce development. MI2 leaders said the industry faces a persistent talent gap and that current education programs do not always produce the skills needed for modern metals jobs. They argued for stronger exposure and awareness, more direct industry involvement, and a dedicated metals career pathway through high schools, area technology centers, career and technical centers, and KCTCS. They also described pilot efforts in Logan, Warren, and Carroll counties that would introduce students to metals careers in middle school, move them into credits and pathways in high school, and connect them to internships, apprenticeships, and postsecondary training. Recycling and supply-chain security were the other major topics. Testimony stressed that recycled inputs are far cheaper than raw ore extraction and that recycling is increasingly important to competitiveness, environmental performance, and keeping materials from leaving the U.S. Speakers also raised concerns about China’s large steel and aluminum capacity and said unfair trade and global market manipulation make it harder for Kentucky producers to compete. Committee members and presenters framed MI2 as a collaborative effort among industry, state government, and academia to strengthen workforce pipelines, recycling, and long-term industry growth. No votes or formal actions were taken beyond approving the minutes.
NM

New Mexico 2026 Regular Session

House - Appropriations and Finance Jan 16th, 2026 at 09:09 am

House Appropriations & Finance

Transcript Highlights:
  • They've put some economic development there through their city. Mora has their own fiestas.
  • It's still behind tab four, Economic Development Department.
  • So when a company comes in, I'm typically bringing in my economic development team.
  • I see the scope of what happens through the economic lens, economic development lens.
  • And I feel like we need to take a different look through an economic development scope of what those
Keywords: 996, all
CA
Transcript Highlights:
  • At this point, we want to welcome everyone to the Assembly Economic Development, Growth, and Household
  • Small Business Administration and the Governor's Office of Business and Economic Development.
  • It would, through the Office of Economic Development, Go-Biz, as it's referred to, issue zero-interest
  • You know, in our 21st century economy, there are few things that are more damaging to economic development
  • development.
Summary: The Assembly Economic Development, Growth, and Household Impact Committee met in person and established quorum after beginning briefly as a subcommittee. The committee adopted its rules and then heard several bills focused on economic recovery, housing, technology, retail theft, and utility infrastructure. AB 265 (Caloza) would create a $100 million state-funded small business and nonprofit recovery program for organizations affected by declared emergencies; it drew broad support from small business, nonprofit, chamber, city, and community groups, with no opposition voiced. AB 797 (Harabedian) proposed a zero-cost state financing structure using CRA-backed securities to help community nonprofits buy wildfire-damaged properties at fair market value and prevent predatory investor purchases; it was presented as a community stabilization tool and received support from the California Community Foundation, with no opposition. AB 940 (Wicks/Ellis) would establish quantum innovation zones to strengthen California’s quantum computing economy, and AB 949 (Shiavo) would create a retail theft grant program for small businesses to fund security improvements and theft prevention measures; both bills were supported by business and university witnesses, though one member said they would not vote for AB 949 due to concerns about broader crime policy. AB 1347 (Carrillo) proposed a pilot program to speed utility interconnections in priority growth regions, including allowing developers to trade expedited connections for upfront infrastructure cost recovery and use microgrids in some cases; it had no opposition in the hearing. Committee members generally expressed support for the bills, especially those aimed at disaster recovery and small business resilience. Questions on AB 940 focused on where quantum innovation zones might be located and how local governments and universities would coordinate; the author and witnesses said the zones should be open statewide and could build on existing research centers such as Berkeley, Stanford, Caltech, UCSB, UCLA, and UCSC. On AB 797, members discussed the need to protect homeowners from below-market offers after wildfires. On AB 949, the author emphasized that modest grants could help small businesses make security upgrades and prevent repeated theft losses. The committee voted to send AB 265, AB 797, AB 940, AB 949, and AB 1347 forward, generally on party-line or near-unanimous votes, with the bills reported out of committee and placed on call as needed. The consent calendar, including AB 254, AB 415, AB 655, AB 1232, AB 1254, AB 1477, and HR 27, was also approved. The hearing adjourned at 10:33 a.m.
MO

Missouri 2026 Regular Session

Utilities Jan 14th, 2026 at 09:15 am

Utilities

Transcript Highlights:
  • As Representative Castile shared, this legislation is largely an economic development bill before the
  • HB 1917 facilitates the largest economic development investment in... ...the largest economic development
  • We are delaying people making money and spending money, economic development.
  • Andrea Cites here today, speaking on behalf of the Missouri Economic Development Council.
  • development. from those on the local level, those from our State Department of Economic Development,
Keywords: 959, house, all
TX

Texas 89th 2nd C.S.

Transportation Apr 16th, 2025

Transportation

Transcript Highlights:
  • This is about short-line railroads, which we know are so important for economic development.
  • But it's also beneficial from an economic development standpoint.
  • We used $1.2 million from our economic development funds to purchase the distressed facility from Union
  • What it is, it allows the port to be able to invest money in economic development projects outside the
  • We continue to believe economic development programs done unilaterally or outside coordination with our
Summary: The Senate Transportation Committee heard several bills focused on transportation infrastructure, public safety, and local commemorations. SB 2841 would clarify the overweight corridor designation for the Port of Brownsville so all three statutorily approved bridges are treated uniformly for northbound and southbound overweight traffic; the Port of Brownsville testified in support, and the bill was left pending. SB 39 would restore the commercial motor vehicle “admission rule” framework in collision cases; Senator Birdwell explained the committee substitute, and the bill was later reported favorably. The committee also heard and later advanced SB 682, SB 1369, and SB 1422, which rename stretches of highway or a bridge in honor of fallen firefighters and military service members, with no opposition testimony and all left pending before final votes. The committee also heard SB 2366, which would create a grant program for short-line railroad projects through rural rail transportation districts for track, bridge, capacity, and restoration work. Senator Hughes and several witnesses from rural rail districts and rail advocacy groups supported the bill, while TxDOT explained current rail funding is limited and that the bill would be the first such grant program for Class 3 short lines; members discussed that the bill would need a floor amendment because state funds cannot be paid directly to railroads. SB 1013 would expand crosswalk protections under the Lisa Torrey-Smith Act to include certain driveway curb cuts along sidewalks; it was supported by the author and left pending before later being reported favorably. The committee also considered SB 2080, which would modernize port and navigation district rules by easing records and procurement requirements, exempting certain security and cybersecurity discussions from recording, and expanding some operational authority. Port Houston and the Texas Ports Association supported the bill, while the City of Corpus Christi raised concerns that the language could expand port economic-development authority beyond navigation purposes and affect local tax bases; the Port of Galveston also noted concerns about the filed version but supported the bill as presented, and the committee substitute was later reported favorably. SB 2001 would create specialty license plates and related parking/toll benefits for permanently disabled peace officers; SB 2705 would codify registration exemptions for certain farm equipment and some specialty plates. Both were supported by witnesses, adopted with committee substitutes where applicable, and reported favorably. Final votes on the reported bills were largely unanimous or near-unanimous, and the committee recessed after leaving some motions open briefly.
MN
Transcript Highlights:
  • So this is great for community development, this is great for economic development, this is great for
  • So this is great for community development, this is great for economic development, this is great for
  • So this is great for community development, this is great for economic development, this is great for
  • So this is great for community development, this is great for economic development, this is great for
  • Development. This is great for economic development. This is great for workforce development.
Keywords: 1183, house
AK

Alaska 2025-2026 Regular Session

House Floor Session Jun 12th, 2026 at 10:30 am

Alaska House Floor Meeting

Transcript Highlights:
  • It secures an $80 million municipal impact fund paid by the developer.
  • But this is going to make future development for oil and gas more... ...to make future development for
  • And really, the Alaska Gas Pipeline is possibly the most important economic development project that
  • moves forward with developing.
  • That is on the developer and the investors.
Keywords: 905, all
TX
Transcript Highlights:
  • The San Angelo Chamber of Commerce represents the economic development efforts of both the city and the
  • You've heard from companies and economic developers who are counting on the affordable, long-term electricity
  • In the process, Senate Bill 819 would pummel private property rights and economic. development and Texas
  • If we don't encourage the development of additional wind and solar projects, the Texas economic miracle
  • At Orsted, when we select lands for development, we consider environmental... and socio-economic factors
HI
Transcript Highlights:
  • So, we'll have to follow up with our research economic analysis division on the economic impacts for
  • Amending the appropriation section to provide funds to the Department of Business, Economic Development
  • Department of Business Economic Department of Business Economic Development<00:19:40.640> and
  • <00:19:48.880> development community-based economic development community-based economic development
  • c> DBED, economic development program at DBED, economic development program at DBED, the<00:27:50.880
Keywords: 912, senate, all
Summary: The committee heard testimony and then took up House Bill 1369, which would repeal several tax credits and exemptions, including the renewable fuels production tax credit. Testimony was overwhelmingly opposed: Hawaii Gas, the Hawaii Renewable Fuels Coalition, and the Tax Foundation all raised concerns, with opponents arguing the renewable fuels credit has supported major local investment, cleaner fuel production, and energy resilience, while Hawaii Gas warned repeal would raise costs for customers. The Department of Taxation said it did not take a position but provided revenue estimates, saying the bill would increase revenues by about $33.8 million in FY 2026 and $121.7 million in FY 2027; DBEDT said it would follow up on broader economic impacts. The chair proposed a series of amendments that removed some repeals, added five-year sunsets to certain exemptions, narrowed or conditioned others, and tied the renewable fuels exemption to a dollar-for-dollar match for renewable fuel production certified by the state energy officer. The committee recommended passage with amendments, and the motion was adopted with multiple members voting with reservations. The committee then moved through a series of other measures. HB 159, HB 244, HB 280, HB 316, HB 716, HB 1298, and HB 1295 were recommended for passage, with HB 1295 amended to change a date to 2050. HB 455 was amended to remove the Hawaii Startup Business Loan Program language and instead fund DBEDT contracting for startup financing and support, excluding businesses already eligible for the community-based economic development loan program. HB 504 was amended to add non-recurring appropriations for the Hawaii Tourism Authority, conditioned on formal commitments to purchase local products under the HRS 27-8 timeline; members discussed the cruise passenger tax and where the revenue would go, and the bill was passed with amendments. HB 606 was amended to recognize DHHL authority over mercantile projects licenses, remove some reporting requirements, and replace the appropriation with $25 million for mercantile projects and $25 million for repair and maintenance. HB 1378 was amended to allow the foundation to enter public-private partnerships, adjust appropriation language, and cap a proposed limit at $15 million, with the committee noting the changes addressed concerns raised in testimony from BNF and the attorney general. HB 974 was deferred indefinitely because the House had already passed SB 1501. Finally, HB 1007 was amended to rename the transit-oriented development infrastructure district program as the transit-oriented community improvement program, consolidate the boards into one, expand board membership, add conflict-of-interest provisions, and allow legislative designation of areas; after discussion about HCDA’s role and the stadium district, the measure was adopted with one reservation.