Think About It: Business vs. Life Quality - KFVE, K5-Hawaii News, Weather and Sports

December 10, 2015

Think About It: Business vs. Life Quality

Earlier this year, CNBC ranked all 50 states' business climates, and as you might have guessed, Hawai`i came in dead last. We scored in the bottom 10% of all states in workforce, the cost of doing business, infrastructure, cost of living, and education. Overall, West Virginia came in 49th for best state in which to do business and Rhode Island was ranked 48th.  Add to the obvious issue the incessant red tape, bureaucracy, slowness in which things get done, if at all, and it's a wonder to some how anyone could live here, let alone survive or even thrive.

Yet one aspect of this survey taken among business and policy experts, government sources, a CNBC CFO Council and people in the states themselves speaks volumes about what keeps it together here. Hawai`i ranks #1 in quality of life. That might seem confounding since it's so hard to make ends meet and do business here, but there's simply something about this place that even the toughest critics find enchanting and obviously rewarding. Maybe it's why so many want to visit, just to get a flavor, but not stay here forever.

If you don't believe Hawai`i has a unique or better-than-acceptable quality of life, then does working 10-hours a day, dealing with the worst traffic in America and a overcoming a few other hardships- like the price of milk and housing- make it all worthwhile? I doubt it. So whether you refer to it as our tolerance, aloha spirit, east/west/Polynesia tango, island style- whatever, there is something intangible that keeps us all together far beyond the bottom line. By the way, the top-ranked business states from CNBC? Minnesota is #1, followed by Texas, Utah, Colorado, Georgia, North Dakota, and Nebraska. Thanks, but I'll stay here. Think about it…

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