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Wednesday, June 29, 2011
CNBC: Hawaii #1 in cost of living, 48th in Business Climate
By Selected News Articles @ 1:54 PM :: 9299 Views :: Energy, Environment, National News, Ethics

From CNBC America’s Top States for Business 2011

#48 Hawaii

Category Score 2011 Rank 2010 Rank
Cost of Doing Business 54 50 49
Workforce 106 47 50
Quality of Life 281 1 1
Infrastructure & Transportation 93 46 49
Economy 159 16 22
Education 80 40 38
Technology & Innovation 62 42 43
Business Friendliness 50 43 42
Access to Capital 36 33 31
Cost of Living 1 50 49
OVERALL 922 48 48

ECONOMIC PROFILE

  • Governor: Neil Abercrombie (D)
  • Population: 1,360,301
  • GDP (2009 per capita): $45,308
  • Unemployment rate (May 2011): 6.0 percent
  • Foreclosure rate (May 2011): One per 573 households
  • Budget gap (projected 2012): $410 million
  • Corporate tax rate: 4.4-6.4 percent (7.92 percent financial institutions)
  • Largest employers: Hilton Hotels, Starwood Hotels, Hawaiian Airlines

Sources: US Government, RealtyTrac, Center on Budget & Policy Priorities, Federation of Tax Administrators, Pacific Business News

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SA: High quality of life cannot buoy isles in business rankings

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