$1.2M for UHERO COVID-19 Economic Recovery Research. 2M for UHERO COVID-19 economic recovery research

Critical University of Hawaii“>Hawaii Economic Research Institute (UHERO) research to help Hawaii received $1.2 million in private support on its path to economic recovery.

AH president David Lassner said: “We are deeply grateful to our community partners for their robust support of UHERO and the critical economic research that takes place every day. AH Expertise is absolutely essential to our recovery from the pandemic, and these philanthropic investments will help Hawaii create a sustainable and prosperous way forward for our people on the islands.”

Donors include: Hawaii Community Foundation, Bank of Hawaii Foundation, Kamehameha Schools, First Hawaiian Bank Foundation, DTM Group, Hawaiian Electric Industries, Hawaii Medical Service Association, Hawaii Pacific Health, American Savings Bank, Stanford Carr Development, HPM Building Supply Foundation, First Insurance Charity Foundation, HGEA and Hawaii State AFL–CIOIsland Insurance Foundation and the Harold KL Castle Foundation.

Hawaii community foundation CEO and President Micah Kāne said: “As Hawaii Between crisis response and recovery planning, government needs reliable, timely, and accurate economic analysis to guide decision-making and our path forward. By supporting UHERO‘s research, we can ensure our leaders, stakeholders and communities across the state have the complex data they need to make the decisions that will shape our future.”

The $1.2 million will make it possible UHEROin AH Mānoas College of Social Sciences to hire two full-time faculty members and build applied research capacity on the most pressing issues Hawaii.

UHERO Managing Director Karl Bonham said: “Throughout the pandemic, businesses, nonprofits and public sector decision-makers have relied on our trusted and independent analysis of the Hawaii Economy. With the addition of these new team members, we will be able to sustain and expand our research efforts and continue to help our state navigate the current economic upheaval and beginning recovery.”

UHEROrole in Hawaiieconomic recovery

• Answers questions from decision makers, the press and the community about the immediate economic crisis.
• Conducts long-term analysis of economic recovery and uses state-of-the-art forecasting models Hawaii‘s economy even as we endure unprecedented changes in the state and around the world.
• Integrates new information on testing and epidemiological models to inform local decision-making and safely restart the economy.
• Updates and enhances existing analytics tools and visualizations, including new high-frequency economic data for each county in the state.

Chairman, President and President of the Bank of Hawaii CEO Peter Ho said: “It’s becoming clearer and clearer HawaiiThe fight against the novel corona virus and its consequences will not be a sprint, but a marathon. Together, through innovative public-private partnerships, we will be able to face economic uncertainty with the best intelligence that guides us towards a sustainable economic recovery.”

UHERO was co-founded by four people in the 1990s AH Members of the Mānoa Faculty of Economics – Bonham, Byron Gangnes, Sumner La Croix and Denise Eby Konancurrent dean of the College of Social Sciences.

“We are grateful to our community partners for their support UHERO during the pandemic and into the future,” Konan said. “The primary goal of the College of Social Sciences and its units, such as UHEROIt has always been to provide evidence-based social science research that brings important data and analysis to light so it can help Hawaiiwhen it comes to making informed political and business decisions.”