Maui Business

Plans call for the construction of 16 single-occupancy one bedroom apartments contained in two separate buildings on County owned land off of Mahalani Street in Wailuku.

Hawaii fared well in a survey on financial literacy, but some in the islands are still struggling to make ends meet.

Just hours after being sworn in to office, Governor Neil Abercrombie released funds to end Furlough Fridays at public schools. The release of $67 million from the state’s Hurricane Relief Fund

The Maui Realtors Association released the latest monthly report yesterday saying sales continue at a slower pace with the Homebuyer Tax Credit ending a …

The County of Maui successfully closed its $73.7 million Series 2010 G.O. bond issue last week. Proceeds of the transaction were used to fund Capital Improvement Projects (CIP) throughout the County, as well as refinance approximately $25 million in outstanding General Obligation (G.O.) bonds. The ability to secure lower interest rates resulted in the County […]

Throughout this holiday season in particular, many people are suffering more than usual and local businesses and community members are trying to help out in any way that they can. For some, this simply means donating the services that they charge for on a daily basis. ‘Tis the season to be helpful and realtors are […]

Although the name of the most famous shopping holiday of the year – Black Friday – has caused some controversy in the past, it simply alludes to time when stores leave the red (deficit) and enter into the black (profit) as a result of high sales during the holiday season. Entering the black during the […]

During the recession, the concept of who constitutes as “poor” or “needy” has drastically changed. People who were generally well situated financially, with college degrees in their back pockets are never the image that one sees associated with the words needy and poor, but that is exactly who has been eliciting help from services that […]

It’s the most wonderful time of the year – usually. For children and adults, customers and business owners alike, the holiday season brings a lot of cheer. With that cheer comes the spending of a lot of money and that is exactly what retailers hope for. However, with an economy that is struggling to come […]

Despite the efforts of many businesses to stay out of the red, many businesses are unable to tread water. With the economy being in a state of recession, some Maui businesses are finding it hard to capitalize on tourism, or conduct their regular business as usual. Clearly, declaring bankruptcy is not something that any business […]

Normally, size matters, but in this case it is really irrelevant. Landowners, despite the purpose of the business on their land, all pay the same taxes and this has some non-profit businesses crying foul and some on the city council, too. Take for example this situation. The Kamehameha Schools and the Hawaii Aiki Kwai both […]

Governor Linda Lingle announced today that the State of Hawaii Department of Transportation Harbors Division successfully sold $201.39 million of Harbors

As noted by the Department of Taxation, despite an improvement and an increase in state tax collections throughout the month of October, tax collections were still approximately six percent lower than they were a year ago at this time. This is an ominous sign that does not bode well for the state of Hawaii. It […]

In these tough economic times, every bit of help counts. In a gracious move, Governor-Elect Neil Abercrombie announced that he would be giving twenty-three million dollars of the rainy day fund that the state has maintained for emergencies to social-service programs that are in despairing need. In fact, three dozen of these social-service programs will […]

Although retirement is often glorified in Hollywood, the reality of retirement can be frightening: no set income, no health insurance provided through your company, and a significant drop in income. One of the biggest reasons that people refuse to retire is the lack of health insurance. If one decides to retire before the age that […]

Although some economists have indicated that we are out of the recession, some companies, banks, and consumers would argue differently. While there have been increases in sales and while some companies have experienced profits noted on their quarterly statements, not all companies and banks are doing so well. However, despite some companies still bringing what […]

In rough economic times, any reports of gain are met with warm regards; the current state of the economy has left many businesses on Maui, and the mainland as a whole, struggling to stay afloat, with most bringing in dismal quarterly reports that indicate that the business is heading towards or currently embroiled in a […]

Standard and Poor’s, known for its providing of credit ratings and maintaining the S&P 500, announced that it will raise their rating for long-term bonds to AA+ – a rating that insures the utmost of safety. This is an upgrade that has been a long-time coming for the financially savvy Maui County, a county that […]

Hawaiian Telcom Communications, Inc. has confirmed its emergence from its Chapter 11 bankruptcy proceedings. Chapter 11 bankruptcy is a process by which a business can reorganize in order to service its debt or pay its creditors. With Chapter 11, the business remains in control of its business operations, systematically working to correct the issues that […]

Tourism can be one of the most crucial components of an area’s economic health. Because Hawaii relies so heavily on this industry, it is no wonder that the announcement last year that Hawaii would host the annual APEC leaders’ meeting drew much praise from businesses in Hawaii, especially when it was made known that approximately […]