Hawaii business and government leaders will hear firsthand about potential changes to military spending and personnel levels in the Islands at the Chamber of Commerce of Hawaii’s 11th Annual Hawaii Military Partnership briefing Jan. 5 at the Hilton Hawaiian Village Coral Ballrooms.
More than 500 leaders, including Gov. Neil Abercrombie and Lt. Gov. Brian Schatz will attend the briefing and luncheon hosted by David Carey, president and CEO of Outrigger Enterprises Group and sponsored by Northrop Grumman. Carey is chairman of The Chamber’s Military Affairs Council.
Discussions and briefings from 8 a.m. to 11:45 a.m. will center around current and future military operations, projects and initiatives, including increases or decreases in defense industry projects and personnel.
“With the nation’s budget set to cut defense spending over the next five to 10 years, it will impact Hawaii’s economy,” said Jim Tollefson, president and CEO of The Chamber of Commerce of Hawaii, in a press statement.
“As reported by the 2011 RAND study, the input/output impact of the $6.5 billion in defense expenditures is estimated to total $12.2 billion, making it the second major source of revenues in Hawaii’s economy,” said Tollefson, speaking of current expenditure levels. He said that represents 18.4 percent of Hawaii’s Gross State Product of $66.4 billion.
“Defense expenditures of $2.3 billion for procurement contracts and defense-related expenditures account for creating more than 101,500 jobs for residents,” added Tollefson. “This represents about 16.5 percent of Hawaii’s workforce of 613,000 full-time and part-time workers, or 20 percent of Hawaii’s full-time workforce of 520,000.”
Adm. Robert F. Willard, Commander of the U.S. Pacific Command, is scheduled to give the keynote luncheon speech between 12 noon and 1:30 p.m. Comments will also be made by Congresswoman Colleen Hanabusa.
You can register for the briefing and the military partnership conference at the Chamber of Commerce of Hawaii’s website.