H.C.R. No. 170 Summary

• U.S. subsidiaries of foreign-headquartered companies directly employ 37,000 Hawaii residents, representing 7.3 percent of the state's private sector workforce and ranking Hawaii fifth nationally in foreign direct investment employment.

• Foreign direct investment supports over 90,000 Hawaii jobs when including direct, indirect, and induced employment, according to a 2016 PricewaterhouseCoopers report.

• The resolution affirms that foreign direct investment is valuable to Hawaii's job creation and economic growth, and declares the state is committed to treating all businesses equally regardless of domestic or foreign ownership.

• The state and county governments shall empower economic developers to create jobs and recognize the significance of foreign direct investment in Hawaii.

• Certified copies of the resolution shall be transmitted to the President of the United States, U.S. Senate President Pro Tempore, U.S. House Speaker, U.S. Secretary of Commerce, Hawaii's Congressional Delegation, and the Hawaii Governor.