10 Worst States for Business 2013: Slideshow

Number 2 Number 4

No. 43Hawaii

Hawaii is the 43rd Best State for Business 2013

Taxations & Regulations

Workforce Quality

Living Environment

Based on CEO Survey by ChiefExecutive.net

Key Metrics
State GDP 

  • % Growth ’10-’11: -0.2
  • % Growth ’10-’11 v. Nat’l Avg. (1.5%): -1.7

Unemployment

  • Unemployment Rate Dec. 2012 %: 5.1
  • Comparison with Nat’l Rate (7.80%): -2.7

Domestic Migration

  • Domestic Net Migration ’10-’11: -2,320
  • Rank: 33

State Government

  • Debt per Capita Fiscal Year ’10 ($): 5,682
  • State & Local Gov’t Employees per 10k Residents: 559.8

State-Local Tax Burden

  • Rate (%): 7.9
  • Compared to Nat’l Avg. (9.9%): -1.93
Key Companies
  • Hawaiian Electric Industries Inc.
  • Cyanotec Corp
  • Alexander & Baldwin
  • Hawaiian Holding
Development Trend Indicator: Neutral
Court struck down costly sick-leave law but replacement measure is unclear.
CEO Comments
“California and Hawaii are very overtaxed and have a political environment that is only making it worse. Business is very difficult in both states and increasing regulations making it nearly impossible yet they always demand more taxes.”

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

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