The resolution urges the State of Hawaii and its political subdivisions to prioritize import substitution as a strategy for economic growth. Among the specific directives, it calls for identifying key sectors where improved local production can be achieved. This initiative is expected to foster collaboration between public entities and private stakeholders, facilitating innovation and knowledge sharing. Consequently, this can lead to job creation, increased self-sufficiency, and a more resilient economic landscape for Hawaii.
Summary
HCR211 emphasizes the urgent need for economic diversification in Hawaii, focusing on the state's dependence on imported goods. It draws from historical contexts, including the sugar and pineapple industries of the 19th and early 20th centuries, highlighting that local production can diminish reliance on imports while invigorating local communities. The resolution serves as a call to action for the state and local governments to explore mechanisms for bolstering local economic frameworks through enhanced manufacturing capabilities, improved agricultural practices, and sustainable energy solutions.
Contention
While the resolution outlines a strategic approach to bolster local industries, it may also lead to discussions on potential contentions regarding the feasibility of implementing these strategies. Critics could argue that the transition towards localized production might face obstacles such as the high cost of establishing new manufacturing facilities or resistance from industries accustomed to imports. Furthermore, there may be debates over the extent of state intervention in guiding local economies, alongside considerations for ensuring that such measures do not compromise existing economic structures or create imbalances in market competition.
Requesting The Department Of Business, Economic Development, And Tourism And The Department Of Labor And Industrial Relations To Co-convene A Working Group To Develop A Comprehensive Plan For Workforce Development With A Focus On The Priority Economic Clusters Established By The Department Of Business, Economic Development, And Tourism, To Meet The Needs Of The State's New Economy.
Requesting The Department Of Business, Economic Development, And Tourism To Collaborate With Universities In The State To Convene The Hawaii Creative Innovation Group.