Economy
Investigating and Tackling Barriers and Needs for Small Business Success in Honolulu
This report examines the state of small businesses in Honolulu in 2024, using both quantitative data and qualitative insights to identify key needs, challenges, and opportunities for growth. A combination of a large-scale survey with 1,024 respondents and in-depth interview discussions with 11 small businesses provided a comprehensive view of the small business ecosystem.
Read MoreImmigration Economics
By Byron Gangnes Immigrants have always been an important part of America’s population. But for just as long there have been concerns about the impact of immigration on US society and the economy. The recent “surge” in unauthorized immigration at the Southern border and the candidacy of Donald Trump animated an already growing backlash against […]
Read MoreAging and Hawai‘i’s Generational Economy
Hawai‘i’s population is aging rapidly. By 2035 one in four people will be 65 or older according to the most recent projections. The purpose of this study is to assess how aging is affecting Hawai‘i’s economy and steps that could be taken to prepare for this unprecedented change in our population.
Read MoreUHERO Forecast for the State of Hawaiʻi: Outlook more uncertain as federal policy changes loom
Hawaii’s economic expansion continues, but slowly. Now the incoming Trump Administration introduces uncertainty. Under the assumption of policy changes that are sharp but limited in scope, we will see a short-term boost to tourism and local incomes, but medium-term supply side challenges and an uptick in inflation. Maui rebuilding will add to already-buoyant construction, even […]
Read MoreHow I know we’re Not in a Recession. (And when we’ll know if we are.)
By Byron Gangnes Try to tell people that we are not in a recession, and you will get a lot of pushback. After all, jobs are harder to come by, prices are high, and some people are struggling to finance credit card debt. Some households are feeling these effects, and those who are not may be […]
Read MoreGovernor Green Announces SNAP Rule Changes Following UHERO Study
Governor Josh Green has announced that Hawai‘i will implement changes to its Supplemental Nutrition Assistance Program (SNAP), following recommendations from a UHERO study co-authored by UHERO Assistant Professor Dylan Moore and Nate Hix of the Hawai‘i Institute of Public Health. These changes are expected to provide an additional $45 million in benefits to struggling families […]
Read MoreHawaiʻi’s Unnecessary Benefit Cliff: How One Small Policy Change Could Deliver Tens of Millions in Federally-Funded SNAP Benefits
By Dylan Moore and Nate Hix (Hawaiʻi Public Health Institute) In Hawaiʻi, as in other states, the Supplemental Nutrition Assistance Program (SNAP)—otherwise known as food stamps—is one of the largest welfare programs available to low-income residents. Currently, a family of four can receive as much as $1,759/month in SNAP benefits. In a typical month, the […]
Read MoreUHERO Forecast for the State of Hawaiʻi: Lagging Maui recovery, slower speed limit for Hawaii growth
Hawaii’s economic outlook continues to be a story of two economies: a Maui economy that will only gradually recover from its post-wildfire downturn, and the other counties as a group, whose visitor industries will continue to operate at a high level, and whose macroeconomic conditions will remain broadly favorable. Hawaii’s trend growth is now slower […]
Read MorePotential opportunities to diversify the economy of Hawaiʻi
By: Steven Bond-Smith and Sumit Ilamkar The economy of Hawaiʻi is extraordinarily concentrated in the tourism industry. As a result of tourism’s dominance, Hawaiʻi’s economy faces short-term risks from shocks that impact visitor numbers and long-term stagnation from flat and volatile tourism spending over the last three decades. In response to these issues—which became especially […]
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