Hawaii Island raked in $91.48 million in 2012 thanks to direct and indirect impacts of the astronomy sector, according to a recent study by the University of Hawaii Economic Research Organization. Astronomy projects throughout the state generated benefits to local economies on the Big Island, Maui, Kauai and Honolulu totaling nearly $168 million, reads the UHERO report, which the organization released online this month. “The astronomy sector in Hawaii generates economic activity through its purchases from local businesses, its payment to its employees and spending by students and visitors,” the report reads. Local astronomy related expenditures on the Big Island totaled $58.43 million, with $25.8 million spent in Honolulu, $1.28 million on Kauai and $2.58 million on Maui. Those expenditures gave rise to $52.26 million in earnings, $8.15 million in state taxes, and 1,394 jobs statewide. Subscribers follow the link for the full story.
Posted on: Mon, 29 Dec 2014 21:00:11 +0000
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