2014 Best & Worst States

Hawaii is the 43rd Best State for Business 2014

J.P. Donlon

May 8, 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 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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Hawaii is the 43rd Best State for Business 2014

No. 43 Hawaii

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