hawaii economy

UHERO Forecast; Reality Check: DOE Furlough Plan; Aloha, Mayor Caldwell

UHERO Forecast

There is hope ahead for Hawaii’s economy, but any “meaningful economic recovery” is not likely to get underway until the middle of next year. That’s the latest forecast from the University of Hawaii’s Economic Research Organization - ”UHERO.” 

Hawaii’s struggling “COVID economy” could be an opportunity for some. But it requires the ability to put together some capital to invest — and that kind of money can be hard to come by in Hawaii.

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Oahu has faced two complete lockdowns and now four tiers of restrictions that will last for at least four months. And many business leaders are concerned the current reopening won’t be enough for many enterprises to stay in business.

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Hawaii has been dealing with Covid-19 cases in the triple digits for weeks. But a growing number of business associations say the state still has not yet formulated a clear plan for dealing with the virus and its economic impact.

Nonprofits are struggling in Hawaii’s economic crisis.

In this economy, even well-established businesses feel like they need to start from scratch to stay alive.

Learn how the University of Hawaiʻi is addressing the development and nurturing of new economic sectors in Hawaiʻi. On this edition of Bytemarks Café, find out how the Office of Innovation and Commercialization is bringing together UH affiliated incubators and accelerators to drive innovation. 6:30 PM on HPR-1.

In addition to the health challenges of the COVID19 pandemic, the economic consequences are hitting every sector in the islands. And that includes non-profit organizations. Many are stepping up to meet critical needs such as food insecurity and homelessness — even as they are suffering financial pain themselves.

At this point, Governor David Ige’s stay-at-home orders are scheduled to expire at the end of the month. As more attention turns to an eventual economic comeback, both the public and private sectors are gearing up for what may come next.

It’s unclear when conditions will allow the resumption of normal economic activity. Two Hawaii experts have outlined a plan for how that might be achieved, even before a vaccine for COVID-19 is developed.

Hawaii's Economic Rundown; Federal Bailout Bill; Civil Liberties in Question; Island Shipping Concerns; Molokai Covid-Free

The Federal Reserve cut interest rates Wednesday to help the slowing national economy. Meanwhile, researchers say Hawaii's economy is already weak, and the state is growing more vulnerable to global events.

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Dozens of former Lāna‘i residents have returned to the island to help chart its future, including Pulama Lānai’s  COO. Pacific Business News Editor in Chief A. Kam Napier, has more.

Hawaii’s Economic Outlook for 2018