Local Industry News & Notes for Sunday, July 6, 2008

• HTA offers cultural workshop

• Asian Development Bank exec to speak at Hawai‘i forum

• Farm Bureau receives $250K

• Kauai Coffee to host July Business After Hours

• Hawaiian added to Russell 3000

HTA offers cultural workshop

The Hawai‘i Tourism Authority will host free workshops statewide for interested applicants of HTA’s Kukulu Ola — Living Hawaiian Culture program.

Applications will be available in July for the program, which provides funding support to organizations for projects that strengthen, support and perpetuate the Hawaiian culture and community.

“HTA and (the Council for Native Hawaiian Advancement’s) partnership through the HTA Living Hawaiian Culture program has touched more than 200 participants through last year’s workshops,” said Robin Danner, council president and chief executive.

To assist individuals and organizations with the application process, HTA and the council will be holding free statewide workshops throughout the summer to provide technical assistance and training that will explain objectives of Kukulu Ola, including the application and award process. Registration forms will be available at www.livinghawaiianculture.org tomorrow. An information session will take place from 1 p.m. to 5 p.m. July 15 at the Aloha Beach Hotel on Kaua‘i.

Proposals must be received no later than 6 p.m. on Oct. 10 at the Council for Native Hawaiian Advancement’s office.

For more information about the program or to register, contact Rosalee Puaoi at (800) 709-2642 or via e-mail at info@livinghawaiianculture.org

Asian Development Bank exec to speak at Hawai‘i forum

The Department of Business, Economic Development & Tourism will host a Hawai‘i Global Links Forum featuring Curtis S. Chin, U.S. executive director to the Asian Development Bank, tomorrow from 9 a.m. to 10 a.m. at the State Office Tower.

Chin will present an Asian Development Bank perspective on business opportunities for Hawai‘i companies.

“Asian countries have become increasingly important to the global economy, and a number of business opportunities have opened up between Hawai‘i and Asia,” said DBEDT Director Theodore E. Liu. “With many Hawai‘i businesses looking at the opportunities in Asia, this forum becomes extremely timely.”

As the United States’ senior representative at the Asian Development Bank headquarters in Manila, Philippines, Chin serves on the board of directors of the multi-lateral development bank.

Previously, Chin has lived and worked throughout the United States and Asia, including postings in Beijing, Hong Kong and Tokyo. He previously served on the Department of State’s Advisory Committee on Cultural Diplomacy and as a special assistant to the secretary of commerce during President George H.W. Bush’s administration. This Hawai‘i Global Links Forum is presented in partnership with the Pacific Asian Affairs Council.

Registration is free, but seating is limited. To RSVP, call (808) 944-7784 or e-mail cc@paachawaii.org

Farm Bureau receives $250K

The Hawai‘i Farm Bureau Federation received a $250,000 state grant Tuesday to be used for agricultural research and market development.

Hawai‘i Farm Bureau Federation is a nonprofit organization made up of farming families who are committed to analyzing problems and formulating action plans to ensure the healthy future of agriculture.

“The research facilitated by this grant will promote the growth of Hawai‘i’s agricultural industry and contribute to the overall strength of our state economy,” Gov. Linda Lingle said.

Past research has included studies on the development of disease-resistant crops and potential niche crops such as blueberries, and were performed in partnership with academic and research centers in Hawai‘i.

Kauai Coffee to host July Business After Hours

Kauai Coffee Co. will host the Chamber of Commerce Business After Hours event from 5 p.m. to 7 p.m. July 17 at its Visitor Center in Kalaheo. Monsanto Hawai‘i will talk about agricultural diversification and technology. Walking tours, door prizes and discounts at the Visitor Center will be available.

The cost to attend is $12 for members before July 10, and $17 thereafter; guests pay $22.

For more information, call 245-7363 or visit www.kauaichamber.org

Hawaiian added to Russell 3000

Hawaiian Airlines parent company Hawaiian Holdings has been added to the Russell 3000 Index, which is market-cap weighted and measures the performance of the largest 3,000 common stocks incorporated in the United States and its territories.

The index was constructed to provide a comprehensive barometer of the broad market. It is reconstituted annually to capture new and growing equities.

“Being added to the Russell 3000 index … is recognition of our achievements, growth and Hawaiian’s strengthened market position in our industry,” Mark Dunkerley, president and chief executive, said.

The Russell 3000 also serves as the U.S. component to the Russell Global(R)Index, which Russell launched last year. Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies.

The complete final membership list of companies posted on the Russell 3000 Index can be found at www.russell.com


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