State of Hawaii Investor Presentation slide image

State of Hawaii Investor Presentation

U.S. Military Presence and Federal Government Awards STATE OF The U.S. Military Presence in Hawaii Is a Strategic Asset for National Security, and Federal Government Awards Have Provided Important Stimulus for the Economy Military Presence Defense spending in Hawaii is historically stable, sustaining 49,000 local jobs including more than 30,000 through federal contracts The Hawaii-based Indo-Pacific Command is responsible for over 50% of global command activity and is essential to national security FY 2022 direct Pentagon spending on payroll and contracts totaled $8.8 billion in Hawaii, the second highest of any state in the nation in terms of spending to GDP ratio at 8.9% (1) Federal Government Awards Federal government awards to the Hawaii State government in FY 2022 totaled $5.4 billion, an 18.9% increase versus FY 2021 Federal government awards directly to other Hawaii recipients, including private businesses, universities, and some government agencies, totaled $2.8 billion in FY 2021 and $2.9 billion in FY 2022 In Federal FY 2023, the DOD awarded a $2.8 billion Navy contract to commence work on the new dry dock at the Pearl Harbor Naval Shipyard Major Military Installations in Hawaii ARMY * RCELD ST Schofield Barracks Kaneohe MCB Kauai Pacific Missile Range Jahu Lanai Pearl Harbor - Hickam Joint Base Camp Smith Maui Space Surveillance Complex Molokai Maui Hawaii Coast Guard Base UNITED STATES * ARNY Pohakuloa Training Center HAWAII 8 1) Sources: U.S. Bureau of Economic Analysis and U.S. Department of Defense; Hawaii Department of Business, Economic Development & Tourism; USASpending.gov; Hawaii State FAMIS. Defense spending includes parts of the federal civilians working on the bases.
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