At DBEDT, we remain committed to expanding and diversifying Hawaii’s economy, reversing the brain drain and growing our tax base. Hawaii recently received federal designation as the nation’s first statewide Economic Development District – more details about what that means are included in this issue. Together, we can build a stronger, more sustainable Hawaii for future generations.
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This year, DBEDT remained steadfast in supporting strategic projects, policies, and infrastructure that advance Hawaii’s renewable energy goals. We also prioritized innovation, fostering growth in technology-driven enterprises and startups that diversify our economy and inspire entrepreneurship. Please check out our December 2024 issue to learn more.
In this newsletter, we’re proud to share highlights of DBEDT’s ongoing work – from engaging with local farmers and entrepreneurs, emphasizing our commitment to agriculture and food innovation, to creating opportunities that open doors for future international partnerships – together, these efforts reflect our vision for a resilient and innovative Hawaii.
Welcome to this quarter’s newsletter from the Research and Economic Analysis Division of DBEDT. In addition to our regular updates on tourism and labor statistics, this issue includes the quarterly economic forecast as well as special reports that provide insights on tax credits for research activities and an in-depth profile of Oahu’s North Shore, highlighting demographics, business trends, and visitor statistics.
In this issue, we spotlight DBEDT’s efforts to support our local economy and communities — from strengthening ties with Japan to programs making homeownership more accessible, these initiatives reflect our focus on resiliency and sustainability for the future of our state.