hawaii governor david ige

Hawaii: Obama’s favorite Democrat run state ranks 50th in Cost of Doing Business

CNBC: America’s Top States for Business 2016

49. Hawaii

Quality of life in the Aloha State can’t be beat. But neither can costs, which are the highest in the nation.

Category
Score
2016 Rank
2015 Rank
Workforce 165 48 46
Cost of Doing Business 45 50 50
Infrastructure 116 46 49
Economy 181 25 42 (Tie)
Quality of Life 295 1 1
Technology & Innovation 90 38 36 (Tie)
Education 74 43 45
Business Friendliness 27 46 44
Cost of Living 2 50 50
Access to Capital 14 37 37
Overall 1009 49 50

Economic Profile

  • Governor: David Ige, Democrat
  • Population: 1,431,603
  • GDP growth: 1.7 percent
  • Unemployment rate (May 2016): 3.2 percent
  • Top corporate tax rate: 6.4 percent
  • Top individual income tax rate: 8.25 percent
  • Gasoline tax: 60.39 cents/gallon
  • Bond rating/outlook: Aa2, positive
  • Major private employers: Bank of Hawaii, Corp., Hawaiian Electric Industries Inc.

Economic profile sources: U.S. Census Bureau, U.S. Bureau of Economic Analysis, U.S. Bureau of Labor Statistics, Federation of Tax Administrators, American Petroleum Institute, Moody’s Investor Service, S&P

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