Hawaii Business for Sale – The Business Broker Journal

Per Capita Real GDP: $38,083 Rank: 16/50 (2006)

Population: 1,211,540 Rank: 42/50 (2000)

Per Capita Personal Income: $36,299 Rank: 19/50 (2006)

Unemployment Rate: 3.10% Rank: 6/50 (2008)

Business Tax Climate Index: Rank: 22/50 (2008)

Corporate Tax Rate: 4.4% > $0

Individual Tax Rate: 1.4% - 8.25%

Sales Tax Rate: 4%

Business Tax Climate Index:

Individual Income Tax Index Rank: 43

Sales Tax Index Rank: 17

Unemployment Insurance Tax Index Rank: 23

Property Tax Index Rank: 4

Business Tax Climate Index: 22

Corporate Tax Index Rank: 9

INCORPORATE YOUR BUSINESS IN HAWAII

Hawaii Newspaper Directory (See bottom of page)

Hawaii College Directory (See bottom of page)

Hawaii Radio Station Directory: (See bottom page)

Hawaii TV Station Directory: (See bottom of page)

Hawaii Small Business Development Center: Provides free start-up advice, training and counseling services to entrepreneurs and small businesses throughout the state. Supported by the U.S. Small Business Administration (SBA).

U.S. Small Business Administration (SBA) - Hawaii District Office: Offers business development counseling and training programs and information on SBA loan programs.

SCORE

Honolulu - SCORE of Hawaii

Honolulu Minority Business Development Center

Provides free business consulting services and financial management advice to minority-owned businesses in the state. Supported by the U.S. Department of Commerce.

Hawaii Women's Business Center

HWBC provides entrepreneurial counseling and training to women at any stage of owning a small business.

Doing Business in Hawaii

From getting a business license to filing your taxes, the following sites provides resources you need to start and manage a business in Hawaii.

Hawaii Business Portal

Resources you need to start and operate a business in Hawaii, file your business taxes, get a business license and much more.

HAWAII SMALL BUSINESS LINKS:

Department of Business, Economic Development, and Tourism

This site has a couple sections useful to business professionals. The energy section lists various subtopics, such as energy efficiency, and lists any related reports. The economic data section has many useful economic statistics and indicators in addition to other general statistics.

Enterprise Hawaii

Enterprise Hawaii is an economic development organization with the goals of attracting, helping to develop, and retaining businesses. There is a section on why Honolulu is a good place to do business, economic research and info, targeted sectors, and building and sites.

Hawaii Department of Commerce and Consumer Affairs

From this page, businesses can directly access important business documents, as well as take advantage of online filing services. There is also information on different kinds of required licenses.

Hawaii Reporter

This section of Hawaii Reporter offers many articles with advice for increasing business success for small business owners. Other sections of the website also have business articles, in addition to articles on a number of other topics.

Hawaii Small Business Development Center Network

This resource, supported by the University of Hawaii, provides business consulting to prospective and current small business owners. Some consulting is free of charge, while there is a nominal fee for other services. Training and programs are also offered to aid in business development.

HawaiiBusiness Magazine

This is a comprehensive source for business news and information in Hawaii. The magazine features many useful sections in addition to news articles, including Hawaii data, industry, regions, and events, in addition to compilations of articles on specific business topics.

State of Hawaii

This site, the official website of the state of Hawaii, contains a wealth of useful information on government, business, education, employment, and living/visiting Hawaii. The business section in particular offers a number of very useful business services as well as general information for Hawaii business such as starting/running a business, employer/employee information, state assistance, tax information, etc.

U.S. Export Assistance Center of Hawaii

The Hawaii branch of the Department of Commerce that specializes in helping small to medium sized companies develop and execute exporting strategies. Fees vary and are based on the service being provided.

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Ahuimanu (pop. 8,506)

Aiea (pop. 9,019)

Ewa, Hawaii (HI) (unincorporated, pop. 272,328)

Ewa Beach (pop. 14,650)

Haiku-Pauwela (pop. 6,578)

Halawa (pop. 13,891)

Hawaiian Paradise Park (pop. 7,051)

Hilo (pop. 40,759)

Holualoa (pop. 6,107)

Honolulu, Hawaii (HI) (pop. 371,657)

Kahului (pop. 20,146)

Kailua (pop. 9,870)

Kalaoa (pop. 6,794)

Kaneohe (pop. 34,970)

Kaneohe Station (pop. 11,827)

Kapaa (pop. 9,472)

Kihei (pop. 16,749)

Koolauloa (unincorporated, pop. 18,899)

Koolaupoko, Hawaii (HI) (pop. 117,994)

Kula (unincorporated, pop. 9,729)

Lahaina (pop. 9,118)

Makaha (pop. 7,753)

Makakilo City (pop. 13,156)

Makawao (pop. 6,327)

Mililani Town (pop. 28,608)

Nanakuli (pop. 10,814)

Napili-Honokowai (pop. 6,788)

North Kohala (unincorporated, pop. 6,038)

North Kona (unincorporated, pop. 28,543)

Pahoa-Kalapana (unincorporated, pop. 8,597)

Pearl City, Hawaii (HI) (pop. 30,976)

Pukalani (pop. 7,380)

Schofield Barracks (pop. 14,428)

South Kohala (unincorporated, pop. 13,131)

South Kona (unincorporated, pop. 8,589)

Village Park, Hawaii (HI) (pop. 9,625)

Wahiawa (pop. 16,151)

Waianae (pop. 10,506)

Waihee-Waiehu (pop. 7,310)

Wailuku (pop. 12,296)

Waimalu (pop. 29,371)

Waimea (pop. 7,028)

Waipahu (pop. 33,108)

Waipio (pop. 11,672)

State Information:

Abbreviation: HI

Capital: Honolulu

Nick Name Aloha State

State Web Site: http://www.hawaii.gov

Motto: The life of the land is perpetuated in righteousness

Symbols

Flower: Hawaiian Hibiscus

Bird: Nene (Hawaiian Goose)

Top 5 Export Partner Countries

Singapore, Japan, Guatemala, China, El Salvador

Top 5 Export Merchandise

Food Sales

GDP

Total Gross Domestic Product (USD Millions): $58,307

Per Capita Real GDP (USD): $38,083 Rank: 16

Population: 1,211,540 Rank: 42

Age Distribution

Under 18 Population: 295,767

Under 18 Percent of Total Population: 24%

65 and older Population: 160,601

65 and older Percent of Total Population: 13%

Gender Distribution

Male Population: 50.2%

Female Population: 49.8%

Non-English Speaker (at home): 262,567

Net International Immigration: 30,068

Birth Rate: 14.5%

Percent of People Under Poverty Level: 9.8%

Rank: 44

Employment

Employment: 599,130

Average Annual Wage: $38,630

Unemployment Rate: 2.4%

Rank: 1

Expenditure

Per Capita State Spending: $6,874

Rank: 5

Energy Expenditures per Person: $2,718

Expenditures of State and Local Government Employee-Retirement Systems: $715,321

Revenue

Personal Income: $47,339

Rank: 19

State Internal Revenue Collection: $7,122,330

Rank: 42

Cash and Deposits by State Government: $538,330

Per Capita State Tax Collection: $3,826

Rank: 3

Education

High School Graduation Rate: 67.4%

Rank: 36

Percent of Population with a Bachelor's Degree: 27.9%

Rank: 17

Percent of Population with an Advanced Degree: 9.1%

Rank: 25

Largest Universities:

Hawaii Pacific University

University of Hawaii, Hilo

University of Hawaii, Manoa

Logistics

Public Road Length (Mile): 4,322

Gas Tax Rate (%): 16%

Highway Planning and Construction (USD Thousands): 110,882

Number of Public Airports: 14

Main Airports:

HNL Honolulu International Honolulu

OGG Kahului Kahului

KOA Kona International at Keahole Kailua/Kona

ITO Hilo International Hilo

LIH Lihue Lihue

Ports:

Barbers Point, Oahu

Hilo

Honolulu

Kahului, Maui

Kawaihae Harbor

Nawiliwili, Kauai

Hawaii State Information:

The southernmost state of Hawaii lays far off the western coast of the continental United States. The nation’s only island state is comprised of a group of eight major islands and many islets in the central Pacific Ocean. Hawaii is located almost entirely over a volcanic “hotspot” which caused the formation of the islands. Magma flows from these volcanoes are still slowly adding to the land area of the state, occasionally wiping out entire villages.

During the 18th century Hawaii had a basic self-sustainable society with an economy that relied on fishing and farming. In the latter part of the 19th century, Hawaii developed a plantation-based economy that focused on cultivating products such as sugar and pineapples for export. In the 1930s, the U.S. government developed a military instillation there, and federal expenditures quickly became a major source of employment and income. Today Hawaii’s economy has shifted gears with tourism constituting the largest portion of GDP. Visitors from around the world are drawn by the state’s paradise-like beaches, subtropical climate and bountiful natural attractions such as waterfalls and volcanoes. Agriculture is another critical industry, led by the production of coffee, macadamia nuts, cattle pineapple and sugarcane.

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