Laurence A. Lee: In fact, with the current state of the Economy, I'm kind of questioning whether Hawaii can afford to continue such benefits.
Laurence A. Lee: That doesn't mean that I won't fight for these programs if there's a real benefit involved; but from what I gather, Honolulu companies that accept funding via Act 221/215 are seen as low-risk "Tax Shelters" to mainland investors, rather than as long-term High-Tech business investments.
John: But maybe the issue is: Hawaii has insufficient tech talent so we are simply throwing money at the wrong problem.
Given the fact its impossible for anyone to find money right now I think it would be a terrible time to end Act 221. We need it!
I've been told for my SaaS social networking company to qualify I have to either needlessly ship a CD with some aspect of the software, all of which we currently serve in an environmentally friendly way over the web, or reclassify our business as an entertainment company. Wow.