Comments - Tough Times for Tech in Hawaii - TechHui2024-03-29T06:10:57Zhttp://www.techhui.com/profiles/comment/feed?attachedTo=1702911%3ABlogPost%3A60475&xn_auth=noBright spot: Three Hawaii com…tag:www.techhui.com,2010-05-01:1702911:Comment:607852010-05-01T02:22:24.000ZDaniel Leuckhttp://www.techhui.com/profile/dleuck
Bright spot: Three Hawaii companies were covered by TechCrunch during the last month: Asia Pacific Films, Sprout and Avatar Reality. Thats probably a first for us :-)
Bright spot: Three Hawaii companies were covered by TechCrunch during the last month: Asia Pacific Films, Sprout and Avatar Reality. Thats probably a first for us :-) Attorneys are arguing that it…tag:www.techhui.com,2010-04-28:1702911:Comment:606582010-04-28T19:37:23.851ZDaniel Leuckhttp://www.techhui.com/profile/dleuck
Attorneys are arguing that it violates the due process clause of the US Constitution. Apparently there is also relevant case law. In Jeff Au's letter to the senate he argued, "SB 2401 HD1 violates the Due Process clause of the U.S. Constitution and is unconstitutional in its retroactive suspension of credits for investments that already have been made. The State cannot save money from this bill if it is struck down by the courts as unconstitutional. It will likely trigger numerous lawsuits…
Attorneys are arguing that it violates the due process clause of the US Constitution. Apparently there is also relevant case law. In Jeff Au's letter to the senate he argued, "SB 2401 HD1 violates the Due Process clause of the U.S. Constitution and is unconstitutional in its retroactive suspension of credits for investments that already have been made. The State cannot save money from this bill if it is struck down by the courts as unconstitutional. It will likely trigger numerous lawsuits against the State as soon as it becomes law. This bill's retroactive impact, which could go as far back as 11 years for investments made in 1999, is much longer than the 'only modest period of retroactivity' limited to approximately one year that the U.S. Supreme Court has required. This bill is also 'Illegitimate' and 'Arbitrary' and with 'Improper Motive,' as described by the U.S. Supreme Court because of the State's targeting of Act 221 investors for credit suspensions 'after deliberately inducing them' to make high tech and media investments under Act 221 by offering tax credits to them. " Hi Barry - You are spot on. N…tag:www.techhui.com,2010-04-28:1702911:Comment:606512010-04-28T18:38:25.147ZDaniel Leuckhttp://www.techhui.com/profile/dleuck
Hi Barry - You are spot on. No one will trust future incentives. I know many people who weren't fans of Act 221, but think this is a stupid move. Now we, the taxpayers, will pay for an onslaught of lawsuits and the lasting ramifications of the business community distrusting the state. This legislature is unfathomably myopic.
Hi Barry - You are spot on. No one will trust future incentives. I know many people who weren't fans of Act 221, but think this is a stupid move. Now we, the taxpayers, will pay for an onslaught of lawsuits and the lasting ramifications of the business community distrusting the state. This legislature is unfathomably myopic. It was supposed to sunset thi…tag:www.techhui.com,2010-04-28:1702911:Comment:606332010-04-28T07:28:57.023ZBarry Shirotahttp://www.techhui.com/profile/BarryShirota
It was supposed to sunset this year anyway. I don't see why they couldn't just leave it alone. Even if nothing really comes of it, who is going to trust any future "enticements" from the State. The product I'm working on has gotten a lot of traction in recent months, but now its future is extremely uncertain, and so are the jobs it created.
It was supposed to sunset this year anyway. I don't see why they couldn't just leave it alone. Even if nothing really comes of it, who is going to trust any future "enticements" from the State. The product I'm working on has gotten a lot of traction in recent months, but now its future is extremely uncertain, and so are the jobs it created. It's frustrating to see that…tag:www.techhui.com,2010-04-28:1702911:Comment:606232010-04-28T04:24:37.053ZBlaine Kaho'oneihttp://www.techhui.com/profile/BlaineKahoonei
It's frustrating to see that after leaving the islands 10 years ago the State still fails to see the importance of providing incentives to nurture its Technology Industry. I had hope years ago when 221 was first introduced, however unfortunately I do agree with John's stance.<br />
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Given this current state, it will be even more critical for tech businesses in Hawai'i to launch IP that provide value; are highly scalable in a format with a lower Total Cost of Ownership and quicker time to revenue.…
It's frustrating to see that after leaving the islands 10 years ago the State still fails to see the importance of providing incentives to nurture its Technology Industry. I had hope years ago when 221 was first introduced, however unfortunately I do agree with John's stance.<br />
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Given this current state, it will be even more critical for tech businesses in Hawai'i to launch IP that provide value; are highly scalable in a format with a lower Total Cost of Ownership and quicker time to revenue. Capital intensive technologies will continue to suffer in the meantime.<br />
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My hope is that perhaps when you have local companies utilizing PaaS or other web infrastructure technologies to take their IP to market, their future success might trigger the State revisit incentives for capital intensive science & technology ventures as Dan mentioned. Breaking news from then Honol…tag:www.techhui.com,2010-04-28:1702911:Comment:606212010-04-28T04:19:25.437ZDaniel Leuckhttp://www.techhui.com/profile/dleuck
Breaking news from then Honolulu Advertiser re: SB2401 and SB2001 - The senate <a href="http://www.honoluluadvertiser.com/article/20100427/BREAKING01/100427055/Hawaii+suspends+tech+tax+credits++bill+would+delay+payments+till+2013" target="_blank">passed the measures</a>. "But supporters of the tax credit say the state won't see that money anytime soon because they will likely sue the state."
Breaking news from then Honolulu Advertiser re: SB2401 and SB2001 - The senate <a href="http://www.honoluluadvertiser.com/article/20100427/BREAKING01/100427055/Hawaii+suspends+tech+tax+credits++bill+would+delay+payments+till+2013" target="_blank">passed the measures</a>. "But supporters of the tax credit say the state won't see that money anytime soon because they will likely sue the state." It's almost like the state le…tag:www.techhui.com,2010-04-27:1702911:Comment:605992010-04-27T18:25:02.791ZBranden Tangahttp://www.techhui.com/profile/BrandenTanga
It's almost like the state legislature WANTS young talented technical professionals to move to the mainland.
It's almost like the state legislature WANTS young talented technical professionals to move to the mainland. SB2001 & SB2401 are madne…tag:www.techhui.com,2010-04-27:1702911:Comment:605302010-04-27T04:25:25.108ZCameron Souzahttp://www.techhui.com/profile/CameronSouza
SB2001 & SB2401 are madness. Act 221 may have had problems, but changing the rules on investors is just plain dumb.
SB2001 & SB2401 are madness. Act 221 may have had problems, but changing the rules on investors is just plain dumb. SB2001 & SB2401 are killi…tag:www.techhui.com,2010-04-26:1702911:Comment:604822010-04-26T21:11:48.123ZKen Mayerhttp://www.techhui.com/profile/KenMayer
SB2001 & SB2401 are killing us. It creates such a level of uncertainty that no one wants to invest for fear that the state will change it's "mind" and claw back some of the promised tax benefits. I'll be out of a job and looking for work on the mainland by the end of the month at this rate.
SB2001 & SB2401 are killing us. It creates such a level of uncertainty that no one wants to invest for fear that the state will change it's "mind" and claw back some of the promised tax benefits. I'll be out of a job and looking for work on the mainland by the end of the month at this rate. Hi John - I think a lot of pe…tag:www.techhui.com,2010-04-26:1702911:Comment:604812010-04-26T20:35:48.157ZDaniel Leuckhttp://www.techhui.com/profile/dleuck
Hi John - I think a lot of people are looking at your model. In fact, your name has come up in several recent conversations about the right way to start and run a web based company.<br />
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Of course, not all companies have this option. For example, renewable energy companies and aquaculture ventures, which make up a decent portion of our local tech start-ups, require significant capital.<br />
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I missed that NYT article. Thank you for the link.
Hi John - I think a lot of people are looking at your model. In fact, your name has come up in several recent conversations about the right way to start and run a web based company.<br />
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Of course, not all companies have this option. For example, renewable energy companies and aquaculture ventures, which make up a decent portion of our local tech start-ups, require significant capital.<br />
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I missed that NYT article. Thank you for the link.