Aloha Business Weekly: Navigating Challenges and Opportunities Across the Islands

This week in Hawaii's business scene, we're seeing both headwinds and tailwinds. Maui continues its recovery journey, with the Lahaina property tax waivers being extended, a crucial step for attracting investment and rebuilding. Aspiring food truck entrepreneurs on Maui are getting a boost with dedicated workshops, signaling a commitment to local business growth. However, the tragic fire in downtown Hilo underscores the ongoing challenges, highlighting the need for resilience and community support as businesses and residents rebuild. At the same time, we're monitoring the cruise industry's comeback and its effects. In the finance sector, American Savings Bank, under the leadership of CEO Ann Teranishi, is steering through significant transformation, a point highlighted in an exclusive interview. On the investment front, Island Bottler Eco-Growth is eyeing a Nasdaq listing, demonstrating growing ambition in the local business landscape. Yet, warnings have arisen following a Hawaii embezzlement case, drawing attention to vulnerabilities within the SBA program, which should serve as a reminder for financial due diligence within the current market. Looking at other key developments, the suspension of the Stage 1 water shortage on Maui gives much-needed relief to the region, and Leidos received a $127M contract, which further ensures the sustainability of Hawaii's energy rebate program. Finally, Honolulu residents and businesses faced disruptions from a power outage, and The Skyline sees a rise in ridership. This week's news underscores the need for adaptability and strategic planning across industries, to ensure long-term prosperity and align with Hawaii's unique sense of place.