Hawaii’s Fastest Growing Companies are NOT in Tech

Inc5000

Inc. recently released the 2015 version of their annual list of the fastest-growing private companies in America. For Hawaii, however, only five companies made the list…and none of those are in the tech industry.

Overall, Hawaii ranks near the bottom of the list by number of companies, tied with South Dakota and followed only by Vermont, Alaska, and Wyoming. California ranks #1, with nearly 14% of listed companies calling that state home.

The five Hawaii companies to make the list are:

Rank Company Growth Revenue Industry
118 Na Ali’i 2,987% $3.3m Government Services
1095 Elite Pacific Properties 395% $8.3m Real Estate
1818 Hawaii Life Real Estate Brokers 219% $27m Real Estate
2875 Native Hawaiian Veterans 124% $20.5m Government Services
4160 Bonterra Solar 68% $6.2m Energy

While our state’s tech industry is admittedly young, our aspirations of becoming the next Silicon Valley have yet to bear fruit, at least as far as revenue growth is concerned.