POPULATION: 1,404,054 (2013 estimate)
LABOR FORCE: 665,900 (BLS Sept. 2014)
RIGHT TO WORK: No
TRADITIONAL INDUSTRIES:Tourism, federal activity (defense- and non-defense related activity), agricultural products
EXPANDING INDUSTRIES: Clean/renewable energy, high technology, biotechnology, environmental remediation technology, resort architecture and engineering, retail, film and television production, ocean science and technology, seafood, diversified agriculture, sports, education and training, health and fitness services
COLLEGE GRADUATES: (Age 25 and over) 30.1% (2012)
BASIC BUSINESS TAXES:
Corporate Income Tax: 4.4 percent on first $25,000 of taxable income; 5.4 percent on income over $25,000 but not over $100,000; 6.4 percent on amount over $100,000 of taxable income
Corporate Organization and
Qualification Fees: $50 for filing articles of incorporation for instate corporation or out-of-state corporation registration ($75 for expedited processing)
Rate ranges from 0.5 percent to 4 percent of the value of gross income according to type of business; 4 percent on retail sales of goods and services (except those exported); 0.5 percent on manufacturing or wholesaling (except for exported goods and services). Effective Jan. 1, 2007, activities with a business purpose on the island of Oahu which are subject to the 4 percent GET rate are also subject to an additional 0.5 percent tax for the City and County of Honolulu's mass transit system.
Property Tax: Real property tax rates are set and collected by the four counties; for FY 2014 commercial rate is $12.40 per $1,000 valuation in the City and County of Honolulu; $10.05 per $1,000 valuation on land in Hawaii County; $8.00 per $1,000 valuation on land in Kauai County; and $7.05 per $1,000 valuation on land in Maui County; property assessed at 100 percent of fair market value; no tax on personal property
BUSINESS INCENTIVES:
Hawaii Enterprise Zones
Program (excise and income
tax incentives)
Hawaii Strategic Development
Corporation (venture capital)
High-Technology Development
Corporation (incubator facilities
and technology development)
NELHA (incubator facility in
ocean and marine-related
products)
Community-Based Economic
Development Program (grants
and loans for non-profit community-
based organizations)
Business Action Center (onestop
license and business
registration)
Small Business Development
Centers (federal business counseling
program)
Foreign-trade zones (export
assistance)
Investor tax incentives for new
high-technology companies
Immigrant Investor Program
(residency and immigration
incentives)
