Hawaii Business Advantages

Honolulu has made major advancements in developing its private technology sector.

Specific reasons why companies choose Honolulu are as varied as the businesses in themselves. However, some of the most freely stated reasons include:

Location Advantage

Honolulu's mid-pacific location strategically allows shorter air travel distance between the US mainland and Asia. This reason alone makes arranging meetings and conventions more convenient. The location advantage has also led to the attraction of talent from around the globe.

Time Zone Advantage

Honolulu's position between Time Zones allows communication with geographically dispersed cities from Tokyo and Sydney to Los Angeles and New York during the same business day.

Cosmopolitan Society

Honolulu is home to a multilingual and multicultural population. The state of Hawaii is ranked 5th for speaking a language other than English, 5th for maximum number of mixed race population, and 12th for percentage of population having a bachelor's degree or higher. Hawaii is also ranked 10th in US for workforce education.

Communication Hub

Honolulu is at the very center of an unparalleled web of high-speed networks that connect the U.S. Mainland and Canada to Japan, Korea, China, Malaysia / Singapore and Australia / New Zealand. Furthermore, Honolulu is ranked the No.1 Digital City in the U.S.

Quality of Life

Honolulu offers an unsurpassed quality of life. In fact, "Economic Intelligence" ranks Hawaii #1 for Favorable Climate, Good Housing, Low Crime Rate, Healthiest population and Abundant Recreational Activities. Our business community considers this to be an excellent asset for attracting and retaining a quality workforce and growing businesses.

Financing Opportunities

Businesses in Honolulu benefit from a range of federal, state, venture capital and angel funds.

Incentives

Honolulu offers businesses a complete portfolio of competitive incentives. Apart from tax cuts, businesses benefit from Act 221 Investment Tax Credit, Enterprise Zones, Foreign Trade Zones, and Workforce Training Funds.

Business and Technology Parks

Honolulu has world class technology and business parks to match any need. Some of the leading facilities include Kapolei Business Park, Manoa Innovation Center, Mililani Technology, James Campbell Industrial Parks and Airport Industrial Park.

Technology Capacity

Honolulu is home to a wide array of institutions that are expanding the vanguard of technology. Additionally, businesses in Honolulu can also make use of the supercomputer in Maui.

Convention Center

Hawaii is known as the ideal convention and conference center. Every year business, governmental, and professional organizations take advantage of Honolulu's excellent location to hold their most important events here.