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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