The U.S. military’s recent selection of training preferences in the Pacific, as reported by Hawaii News Now, could have moderate implications for Hawaii-based businesses. The announcement, detailed in the military's "record of decision," signals potential shifts in where and how the armed forces will conduct training exercises in the region, potentially opening new avenues for local entrepreneurs, investors, and professionals.
The military's focus on the Pacific region continues to be a strategic priority, especially given its role in the Indo-Pacific Command area. Any changes in training locations or methods can affect a variety of industries in Hawaii. For instance, businesses involved in logistics, equipment supply, and support services could see increased or decreased demand depending on the chosen training sites. Furthermore, this decision could influence investment trends, with opportunities arising in areas such as real estate development and infrastructure improvements near chosen sites. The state's economy, particularly those sectors with military ties, would be wise to analyze these changes and prepare to capitalize in any new trends.
The Honolulu Star-Advertiser's report did not include specific training details within each of the Hawaii islands; therefore, it is unclear what specific impacts this decision would have on businesses in that area. However, the release of the record of decision triggers the need for local businesses to monitor the details of the training exercise, including those that require permits and support services. For example, the Department of Defense has been investing in projects that support those activities, as well as environmental compliance measures within and around military training areas (U.S. Department of the Navy, 2024).
