Examining the Hawaiian Business Climate
April 28th, 2008 by Palaka | no responses
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The Hawaiian business climate is a subject of constant scrutiny. The higher cost of living on the islands is mostly due to higher importing costs since most of the commodities consumed on the Islands are shipped in from the mainland United States. Despite the often-bleak outlook for the Hawaiian economy, the Hawaiian business climate has seen positive peaks in recent years.
Technology Advances Affect the Hawaii Business Climate
Hawaii has seen a surge in technology-based companies in recent years. The technology surge that took place on the west coast in Silicon Valley sparked an interest in technology-based companies in Hawaii as well.
Recent Hawaii business start-ups include a company that develops fuel cells, one that creates games for mobile phones, a computer systems company, and one business that invests research into converting readily available material, such as used motor oil and grease, into useable energy.
Agriculture: Driving the Hawaii Business Climate
Traditionally, agriculture is a strong driving force in Hawaii’s economy. The crops produced by Hawaiian farmers have changed over the years with a few staples like pineapple and sugar cane remaining.
Farmers produce popular edible crops like sugar cane, pineapple, macadamia nuts, coffee, taro, papaya, mango, cacao, jackfruit, vanilla, ginger root, kava, goat cheese, honey, and hearts of palm. Hawaiian farmers also grow exotic fruits like durian, rambatan, star fruit, cheremoya, figs, lychee, and dragon fruit.
Tourism: the Backbone of the Hawaii Business Climate
Another constant pillar for the Hawaii business climate is tourism. Hawaii lies nearly halfway between Los Angeles and Japan, making it a popular destination for tourists from all over the world.
The balmy weather, terrific surfing, and volcanic activity make Hawaii a hot spot for tourism. Millions of tourists flock to Hawaii’s beautiful tropical shores every year, drawing in tourism dollars that help to stabilize the state’s economy.
In essence, tourism is big business in Hawaii. Many of the state’s full-time residents are employed in the service industry to support the loads of visitors that flood the islands every year.
Without tourism, Hawaii’s economy would collapse. This is both a blessing and a curse for locals. Because Hawaii will always be a popular vacation destination, tourism will flourish in Hawaii. However, this also means that outsiders who do not always respect the local customs and traditions flood the island.
Hawaiians often must tolerate tourists while remaining gracious and hospitable. Fortunately, kindness is a way of life in Hawaii.
The Hawaiian business climate relies heavily on agriculture and tourism, but is open to change. The Hawaiian people have adapted to the technology industry as an adjunct business venture.
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The Author: Palaka
About: Palaka is Hawaiian for Brad. Pelanakelina is Hawaiian for Bradley. Brad is a staff writer for Aloha Condos.
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