Hawaii is the 43rd Best State for Business 2014

Previous State: Pennsylvania Next State: Connecticut

No. 43 Hawaii

Taxations & Regulations

Workforce Quality

Living Environment

Key Metrics
State GDP 

  • % Growth ’12-’13: 1.9
  • % Growth ’11-’12 v. Nat’l Avg. (2.5%): -0.9

Unemployment

  • Unemployment Rate Dec. 2013 %: 4.5
  • Comparison with Nat’l Rate (6.70%): -2.2

Domestic Migration

  • Domestic Net Migration 2013: -1,457
  • Rank: 27

State Government

  • State Debt per Capita Fiscal Year ’13 ($): 5,839
  • State & Local Gov’t Employees per 10k Residents: 559.8

State-Local Tax Burden

  • Rate (%): 10.1%
  • Compared to Nat’l Avg. (9.9%): 0.24%
Key Companies
  • Hawaiian Electric Industries Inc.
  • Cyanotec Corp
  • Alexander & Baldwin
  • Hawaiian Holding
Development Trend Indicator: Negative
Workers’ paradise keeps losing ground on job growth and entrepreneurship.


Based on CEO Survey by ChiefExecutive.net

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

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