Development Potential in Hawai‘i County Opportunity Zones
HILO & KONA –FEBRUARY 21, 2019 2040 Forecasted County Population Growth
350000 8.0%
Annual Growth Rate 7.0% 300000 6.0%
5.0% 250000 52% growth by 2040 4.0%
200000 3.0% 2015: 195,000 Resident Population Resident 2040: 296,000 2.0% 150000
1.0%
Average Annual Rate Growth Annual Average .
100000 0.0% 1990 2000 2010 2020 2030 2040
SMS Hawaii
2 2040 Forecasted County Jobs Growth
140000 10.0%
120000 8.0%
6.0% 100000 46% 4.0% growth by 2040 80000 2.0% 2015: 104,000 60000 2040: 152,000
0.0% Persons Employed Persons 40000 Generally matches Annual growth rate -2.0% Lo population growth
20000 Employment - Mid -4.0% Rate Growth Annual Average rate, but not Hi geographic 0 -6.0% distribution 1990 2000 2010 2020 2030 2040
SMS Hawaii
3 2040 Forecasted Development: Hilo Forecast = Zoning Capacity + Forecasted Growth Black Dot = Housing Unit | Red Dot = 1,000 ft2 Non-Res
4 Hilo Roads, Water, Wastewater, Schools, Police, & Fire
5 Hilo Opportunity Zone Amenities Economic Government Cultural • Banyan Drive Resorts • Government Center • Old Town Hilo • Kanoelehua Industrial • State Judiciary • Wailuku River, Boiling Area Pots, Rainbow Falls • • Foreign Trade Zone Education & Research Bayfront Park System • Prince Kūhiō Plaza • Wailoa River State • University of Hawai‘i - Park • Hilo Farmers Market Hilo • ‘Imiloa Astronomy • Hawaiʻi Community Center College Health • • U.S. Pacific Basin Merrie Monarch • Hilo Medical Center Agricultural Research Festival • Ka Waena Lapa‘au Center Medical Offices • Hilo Community Surgery Center Ports • Port of Hilo • Hilo International Airport
6 2040 Forecasted Development: Kona Forecast = Zoning Capacity + Forecasted Growth Black Dot = Housing Unit | Red Dot = 1,000 ft2 Non-Res
7 Kona Roads, Water, Wastewater, Schools, Police, & Fire
8 Kona Opportunity Zone Amenities Economic Government Cultural • Kailua-Kona • West Hawai‘i • Kailua Bay Visitor Civic Center • Kaloko- Destination • State Judiciary Honokōhau • Kaloko National Industrial Area Historical Park Ports • Kohanaiki Golf and Ocean Club• Honokōhau Small Boat • Kailua Village Harbor Business Improvement • Kailua Pier District
9