DBEDT’s midyear update highlights steady economic growth supported by strong labor conditions, construction, infrastructure investment, and visitor spending, while also preparing for inflation and global uncertainties. Key initiatives advanced this month include Opportunity Zones 2.0, the Wahiawa Irrigation System acquisition, and programs supporting local entrepreneurs and innovators.
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The May newsletter highlights DBEDT’s continued work to strengthen Hawaii’s economy through partnerships, infrastructure, housing, business development and public service. This month brought opportunities to advance Hawaii’s global relationships through the Hawaii-Philippines Business Tradeshow, Symposium and Reception and the 2026 Hawaii-Japan Sister Summit, reinforcing the value of long-standing partnerships while supporting new conversations around trade, investment, workforce development and resilience.
This issue includes updates on recovery resources for businesses, nonprofits and residents affected by recent severe weather, the state’s planned acquisition of the Wahiawa Dam and irrigation system and the upcoming Hawaii-Philippines Business Symposium and Hawaii-Japan Sister Summit. These efforts reflect the broad scope of DBEDT’s work, from agriculture and infrastructure to international partnerships, tourism, energy, education and the creative economy.
In this issue, you will find the 2026 first quarter economic forecast, new reports on international students and tourism’s role in Hawaii’s economy, the latest Hawaii Tourism Price Index update, new population reports on Native Hawaiian, Korean and Vietnamese residents, and highlights from the U.S. Census Bureau’s Vintage 2025 population estimates. We appreciate your interest in our work and welcome your feedback. Please explore the dashboards, reports and resources linked throughout this issue.
This issue features a range of efforts underway, from bills focused on affordable housing, small businesses and film production, to initiatives that help Hawaii companies grow, create jobs and reach new markets. This month’s newsletter also reflects DBEDT’s focus on long-term economic growth. Efforts to strengthen food and product innovation, advance sustainable manufacturing and share tools for more responsible visitor practices all contribute to a stronger and more resilient economy for Hawaii.
