Hawaii State Treasury and Economic Update
STATE
Federal and Military
Federal and military programs are important parts of the economy
ā
All branches of the U.S. military are represented in Hawaii
In total, the defense industry provides over 102,000 jobs statewide with annual
household incomes totaling $8.4 billion
The Hawaii based Indo-Pacific Command is responsible for over 50% of global command
activity and is essential to national security
FY 2021 federal spending is expected to include more than $300 million for major
military construction projects in Hawaii
To date the State has received a total of $8.1 billion in COVID-19 related federal funding
through the various stimulus bills
UNITED
STATES
ARMY
UNITED
STATES
AIR FORCE
ED
UNITED
MARINE
1959
STAT
TATES
CORPS
Hawaii Military Payroll Jobs (1) (CY 2000 - 2019)
70,000
60,000
50,000
Federal Government Funding
40,000
COVID-19 Related Federal Funding
Small Business Administration Paycheck Protection Program
Coronavirus Relief Fund
Amount ($MM)
$2,463
1,250
30,000
Unemployment Insurance Supplement
IRS Stimulus Checks
1,393
924
20,000
Treasury Loan (Payroll Support Program)
315
10,000
Grants
906
0
Small Business Administration Economic Injury Disaster Loan
Total
866
$8,117
2000 2002 2004 2006 2008 2010 2012 2014 2016 2018
Source: U.S. Bureau of Economic Analysis and U.S. Department of Defense.
(1)
Includes reserves and National Guard.
5
(2)
Source: Senator Brian Schatz's website.View entire presentation