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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