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Monday, July 18, 2022
CNBC: America’s Top States for Business--Hawaii 46th
By Selected News Articles @ 5:03 PM :: 1856 Views :: Economy, Hawaii Statistics, Small Business

America’s Top States for Business 2022: The full rankings

JUL 13, 2022, CNBC.com

To rank America’s Top States for Business in 2022, CNBC scored all 50 states on 88 metrics in 10 broad categories of competitiveness. Each category is weighted based on how frequently states use them as a selling point in economic development marketing materials. That way, our study ranks the states based on the attributes they use to sell themselves. We developed our criteria and metrics in consultation with a diverse array of business and policy experts, and the states. Our study is not an opinion survey. We use data from a variety of sources to measure the states’ performance. Under our methodology, states can earn a maximum of 2,500 points. The states with the most are America’s Top States for Business....

OVERALL RANK 

46
STATE  Hawaii
WORKFORCE  19
INFRA-STRUCTURE  39
COST OF DOING BUSINESS  50
ECONOMY  48
LIFE, HEALTH & INCLUSION  3
TECHNOLOGY & INNOVATION  40
BUSINESS FRIENDLINESS  35
EDUCATION  38
ACCESS TO CAPITAL  49
COST OF LIVING  50

 

read … Full Report

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HAWAII SCORE AND RANKING

46. Hawaii -- Economic Profile

  • Governor: David Ige, Democrat
  • Population: 1,441,553
  • GDP growth (Q1 2022): -3.5%
  • Unemployment rate (May 2022): 4.2%
  • Top corporate tax rate: 6.4%
  • Top individual income tax rate: 11%
  • Gasoline tax: 51.69 cents/gallon
  • Bond rating: (Moody’s/S&P): Aa2, positive/AA+, stable

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 (excluding 18.40 cent/gallon federal tax), Moody’s Investor Service, S&P Global Market Intelligence

Hawaii Scores and Rankings

CATEGORY   2022 SCORE   2022 RANK  2021 RANK   2022 GRADE  
WORKFORCE 229 19 18 C+
INFRASTRUCTURE 165 39 39 D
COST OF DOING BUSINESS 41 50 50 F
ECONOMY 102 48 49 F
LIFE, HEALTH & INCLUSION 262 3 2 A-
TECHNOLOGY & INNOVATION 89 40 41 D-
BUSINESS FRIENDLINESS 84 35 36 D
EDUCATION 74 38 31 C-
ACCESS TO CAPITAL 8 49 41 F
COST OF LIVING 1 50 50 F
OVERALL 1055 46 49  

 

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CNBC July 15, 2022: These are the states with America’s worst infrastructure

10. (tie) Hawaii

Hawaii may be a paradise, but its remote location does it no favors as a connection to the rest of the nation and the world. There is nothing the Aloha State can do to change that, and most Hawaiians would not want to. But some parts of the infrastructure that it can control, like roads and bridges, are inhospitable at best.

  • 2022 Infrastructure score: 165 out of 380 points (Top States Grade: D)
  • U.S. population within 500 miles: 1,277,250
  • Bridges in poor condition: 7%
  • Roads in unacceptable condition: 39%
  • Broadband access: 54.1%
  • Power outages per year: 2 hours
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