Hawaii finishes last in CNBC’s annual business competitiveness rankings as the state tries to rebound from the Covid-19 pandemic and last year’s Maui wildfires.Patrick T. Fallon | Afp | Getty Images
Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weekly"That's the only link to the rest of the island from the area where the wildfires were," said U.S. Secretary of Transportation Pete Buttigieg, who It will be at least 2027 before the improvements are complete, transportation planners say. Add the many other roads and bridges needing help, and it begins to explain why Hawaii's infrastructure ranks No. 47 in this year's Top States study.Hawaii is also America's most expensive state to do business in, with the third-highest cost of living. Residents and businesses pay the nation's highest utility costs, and corporate and individual taxes are high.
While licensed child-care facilities are readily available in Hawaii, they are prohibitively expensive. According to Child Care Aware of America, child care in Hawaii costs 18% of the median income for a married couple. That is the most expensive in the country, and nearly twice the national average.
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Hawaii is America's Worst State for Business in 2024, with off-the-charts costs and climate risks risingHawaii is America’s Worst State for Business in 2024, with cost of living including child care the nation’s highest, and climate disaster risks…
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