“DBEDT 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
View of Honolulu, Hawaii (Photo: Adobe Stock / SCStock)
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.
Under this funding from the Bipartisan Infrastructure Law, 114 airports across the U.S, spanning 44 states and three territories will improve service and performance.
