The Chamber of Commerce Hawaii's Young Professionals Program is at the forefront of tackling one of the state's most pressing challenges: the high cost of living. A recent summit, presented by Tradewind Group, brought together over 130 young professionals, business leaders, and policymakers to develop strategies for creating a more affordable Hawaii. Hawaii News Now reported that the summit focused on identifying ways to make living and working in Hawaii more accessible.
Key areas of focus include housing, infrastructure, and civic engagement, as highlighted in the Chamber's 2030 Blueprints, a roadmap for a more competitive and affordable Hawaii Chamber of Commerce Hawaii's Young Professionals. The exodus of young adults from the islands has become a significant concern. A Hawaii Business Magazine article noted that since 2017, Hawaii has experienced annual net outmigration, with young adults aged 25-34 being disproportionately affected. This trend poses a threat to the state's economic vitality and future workforce.
One of the main goals is to create an environment where young professionals can build successful careers and lives in Hawaii. The state's Governor, Josh Green, has emphasized the importance of economic growth and opportunity, with the goal of expanding affordable housing and offering rental assistance programs. Hawaii News Now quoted the Governor as saying several measures are being pushed to combat the affordability issues. These measures are designed to help small businesses thrive while simultaneously ensuring that young professionals have a chance to succeed. This proactive approach aims to solve the economic disadvantages that contribute to the ongoing outmigration of young adults.
These initiatives are critical for Hawaii's entrepreneurs, investors, and professionals. A more affordable and vibrant economy can attract and retain talent and stimulate innovation and growth. Young professionals, often the drivers of new businesses and innovative ideas, are instrumental in fostering a dynamic and competitive business environment. These efforts are particularly relevant in the context of increasing the overall quality of life in Hawaii.
