Hawaii Factoring

Hawaii, the 50th state of the United States, is an archipelago located in the Pacific Ocean. It’s renowned for its diverse culture, vibrant history, and breathtaking scenery, including pristine beaches, lush mountains, and active volcanoes.

The economy of Hawaii is primarily driven by tourism, contributing more than 20% to the state’s Gross Domestic Product (GDP). The hospitality industry is a leading employer, offering a wide range of jobs from service to management positions. Besides tourism, the state’s economy also benefits from the defense sector due to several military bases present. Agriculture, specifically the export of tropical fruits and macadamia nuts, and the growing renewable energy sector also play significant roles in Hawaii’s economic landscape.