Think About It: Easing Economic Edginess - KFVE, K5-Hawaii News Now, Local Programming

October 31, 2013

Think About It: Easing Economic Edginess

Our islands house a fragile economy, this has become a commonly accepted reality. We are heavily reliant on economic factors that are often well out of our control- federal and military spending, weather as it affects agriculture and farming, and, of course, tourism. A simple raise in room rates due to tight occupancy may cause people to think otherwise about visiting our shores. A concern about paying the bills and job security might forestall that holiday trip to Hawaii for a year, or two, or ever.

While there are no cures for immediate issues that arise via nature, Washington, D.C. or the world economy, the question posed often is what other industries or areas can we look at that would help stimulate our economy and take some of the pressure off the major industries here without overburdening infrastructures? Medicine and medical tourism, if you will, is one option that seems to be gaining some support. Hawaii is the ultimate site for east meets west medicine, beyond our existing efforts to help brethren in the underdeveloped South Pacific.

Technology is another area where Hawaii might flourish, if a few entrepreneurs see Hawaii as a place to gather innovative minds and companies, since location is not as vital in the digital world as it is in many other industries that require travel and transporting of goods. Silicon Valley and Seattle are expensive, so cost alone cannot be a reason to exclude Hawaii from future tech growth scenarios. We just need to find the right site here and interested companies- like perhaps Oracle with new Lanai island owner Larry Ellison at the helm. We are too often at the whim of economic factors that don't reside here, so finding a few more stable anchors is always a good idea. Medicine and technology are realistic, clean and possible. Think about it...

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