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Economy

Chinatown Business Owners Filing Claims From June Power Outages Unsure How Much Will Be Covered Ashley Miller/Civil Beat/2024

Chinatown Business Owners Filing Claims From June Power Outages Unsure How Much Will Be Covered

For restaurants, the outages meant lost tips and wages and spoiled food, but also damaged equipment from power surges.

Oahu Small Businesses Forge New Strategies To Offset The Decline In Japanese Tourism David Croxford/Civil Beat/2023

Oahu Small Businesses Forge New Strategies To Offset The Decline In Japanese Tourism

Economic factors are changing the way Japanese visitors perceive a trip to Hawaii in the post-pandemic era — and the growth model of small businesses that cater specifically to them.

An Oahu Teacher’s Futile Apartment Hunt Shows How Bad The Rental Market Is Cory Lum/Civil Beat/2022

An Oahu Teacher’s Futile Apartment Hunt Shows How Bad The Rental Market Is

Housing policy advocates say Helen Lau’s story is all too common amid Honolulu’s housing crisis.

Agency Gives Out Grants Worth Millions In Effort To Diversify Hawaii Economy MorphOptic photo/2024

Agency Gives Out Grants Worth Millions In Effort To Diversify Hawaii Economy

The Hawaii Technology Development Corp. refocuses on its core mission after a 2023 legislative session filled with drama and intrigue.

Gov. Josh Green Gives Final Approval To Income Tax Break He Hopes Will Make Hawaii Affordable David Croxford/Civil Beat/2024

Gov. Josh Green Gives Final Approval To Income Tax Break He Hopes Will Make Hawaii Affordable

But others worry the tax cut, which will cost the state billions of dollars, will mean deep cuts to needed state programs.

Hawaii Council On Revenues Trims Its State Tax Collection Estimate Courtesy: Kohala Ditch Co-op

Hawaii Council On Revenues Trims Its State Tax Collection Estimate

Troubling signs in the state economy are appearing but construction remains strong.

Gov. Josh Green Is Poised To Sign A Big Income Tax Cut. But Can Hawaii Really Afford It? David Croxford/Civil Beat/2023

Gov. Josh Green Is Poised To Sign A Big Income Tax Cut. But Can Hawaii Really Afford It?

The tax cut bill on the governor’s desk would slash tax collections by billions of dollars, money that could help with the affordable housing shortage, Maui recovery and more.

Hawaii Island’s Population Drop Signals An Ominous Economic Trend April Estrellon/Civil Beat/2024

Hawaii Island’s Population Drop Signals An Ominous Economic Trend

A natural decrease in population portends fewer younger working people supporting older residents.

The Clock Is Ticking For Hawaii To Commit Its Remaining Federal Coronavirus Funds Cory Lum/Civil Beat/2021

The Clock Is Ticking For Hawaii To Commit Its Remaining Federal Coronavirus Funds

The unparalleled flow of dollars from the U.S. Treasury has created both challenges and opportunities for local government.

Council On Revenues Anticipates 4% Growth This Year Despite Maui Fire Problems Cory Lum/Civil Beat/2020

Council On Revenues Anticipates 4% Growth This Year Despite Maui Fire Problems

The council is concerned about empty Honolulu office space, a soft real estate market and high interest rates but also anticipates a strong construction industry.