DOING BUSINESS IN HAWAII

Hawaii Department of Business, Economic Development & Tourism
808-587-2750
dbedt.ezprogram@hawaii.gov
invest.hawaii.gov

Doing business in HawaiiDBEDT predicts that the economic growth rate for Hawaii, as measured by the percentage change in real GDP, will increase by 1.1 percent in 2023 from 2022. In 2024, economic growth is expected to reach 1.5 percent for the state.

— James Kunane Tokioka, Director,
Hawaii Department of Business, Economic Development & Tourism
Doing business in Hawaii
View of Honolulu, Hawaii (Photo: Adobe Stock / SCStock)

  TOP BUSINESS FACILITIES RANKINGS

#1 Outdoor Recreation
2023 State Rankings
Top 10 Green Jobs
2023 State Rankings
Top 5 Solar Cities (Installed Capacity MW): Honolulu
2023 Metro Rankings

From the July / August 2023 issue of Business Facilities

  TARGETED GROWTH SECTORS

Renewable Energy: The percentage of renewable energy generated in Hawaii has doubled since 2014. Hawaii has an agenda to achieve 100% clean energy by 2045


Creative Arts/Film: Accounting for over 52,000 jobs and $4.5 billon Gross Domestic Product (GDP) and experienced 9.0% job growth between 2012 and 2022.


Technology: The growing technology sector accounted for 29,391 jobs in 2022, or 3.5% of all civilian jobs in Hawaii including self-employed and sole proprietors.

  FAST FACTS

Population (July 2022 est.): 1,440,196¹
Largest Cities (2020): Honolulu (349,800); East Honolulu (50,922); Pearl City (45,295); Waipahu (43,485); Hilo (44,186)¹
Real GDP (2022): $75.4 billion²
¹U.S. Census Bureau
²Bureau of Economic Analysis, U.S. Dept. of Commerce

  ENTERPRISE ZONES, SMALL BUSINESS LOANS

Enterprise Zones (EZ): The EZ Partnership Program is a joint state-county effort intended to stimulate—via tax and other incentives—certain types of business activity, job preservation, and job creation in areas where they are
most appropriate or most needed.
CBED Small Business Loans: Loans in the range of $50,000 to $125,000 to eligible small businesses in manufacturing, wholesaling, and valued-added agricultural production.

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