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Hawaii is the 41st Best State for Business 2012

No. 41 Hawaii Taxation and Regulations Workforce Quality Living Environment Based on CEO Survey by ChiefExecutive.net Key Metrics State GDP  % Growth ’07-’10: -0.56 % Growth ’07-’10 v. Nat’l Avg. (-0.33%): -0.23 Unemployment Unemployment Rate Dec. 2011 %: 6.60 Comparison with Nat’l Rate (8.50%): -1.90 Domestic Migration Domestic Net Migration ’00-’09: -29,022 Rank: 33 State …

No 41: Hawaii

No. 41

Hawaii

Taxation and Regulations
Workforce Quality
Living Environment

Based on CEO Survey by ChiefExecutive.net

Key Metrics
State GDP 

  • % Growth ’07-’10: -0.56
  • % Growth ’07-’10 v. Nat’l Avg. (-0.33%): -0.23

Unemployment

  • Unemployment Rate Dec. 2011 %: 6.60
  • Comparison with Nat’l Rate (8.50%): -1.90

Domestic Migration

  • Domestic Net Migration ’00-’09: -29,022
  • Rank: 33

State Government

  • Debt per Capita Fiscal Year ’10 ($): 5,682
  • State & Local Gov’t Employees per 10k Residents: 559.77

State-Local Tax Burden

  • Rate (%): 9.62
  • Compared to Nat’l Avg. (9.8%): -0.18
Key Companies
  • Hawaiian Electric Industries Inc.
  • Cyanotec Corp
  • Alexander & Baldwin
  • Hawaiian Holding
Development Trend Indicator: Neutral
Tax-and-regulate approach to business also stifles entrepreneurial gains.
CEO Comments
“Hawaii and California are incredibly unfriendly towards business. Too many regulations, restrictions, and new taxes. Local government does not care about your problems.”

“Hawaii is over-regulated and over-taxed.”

Sources:
Bureau of Economic Analysis
Bureau of Labor Statistics
NewGeography.com
The Tax Foundation

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