The Governor doesn’t seem to like Act 221 and there’s been other criticism. Shouldn’t that make us leery about it?
Before her election Lingle supported Act 221. It has surprised many in the business community that she seems to be pulling some of that support now, even though she talks about how important it is to support business and attract investment into the state. In fact that is so important to her leadership that she has made it one of the points of her economic recovery plan. While she is obviously worried about the economy – as we all are – she has not given Act 221 proper recognition for the crucial role it has already played in stimulating the Hawaii economy. Many believe the state would be in far worse economic shape if it weren’t for the flourishing business ventures supported by Act 221. Criticism can always help us look more clearly at an issue, but the state’s own report on Act 221 shows the success this innovative law has already achieved, and just how much of an economic impact it has already made. Quite simply, for every dollar given in tax credits, three to four more are coming i
