Updates and News

A recent commercial rent survey, co-sponsored by Central Pacific Bank, revealed that one in three Hawaii businesses did not pay rent in full from April to June, and that one in 10 did not pay rent at all. Of those businesses, 44%, or 984, were closed at the time of the survey and over 60% of respondents have not received any rental assistance from their landlord.

According to a 2019 Small Business Administration (SBA) profile of Hawaii, 132,640 small businesses with 500 employees or fewer, represent 99.3% of all our businesses and employ slightly more than half our workforce. We asked a few of our business customers their thoughts on managing through the pandemic and supporting small businesses. Here’s what they shared with us.

Online event presented by the U.S.-Japan Council and supported by a grant from CPB Foundation will focus on crisis management and the U.S.-Japan relationship HONOLULU, HI | September 14, 2020 – The U.S.-Japan Council (USJC) will hold a virtual Bilateral Boardroom to convene key decision-makers from business, government, and the civil sector in the United States and Japan.

If you missed the virtual celebration of the 26th Annual Made in Hawaii Festival, don’t despair! You can still enjoy shopping for your favorite local products at the new, year-round Made in Hawaii Festival Marketplace.

PPP Loan Forgiveness: What You Need to Know This is an important webinar for PPP loan recipients. Learn how to navigate the next stage of your PPP loan with this exclusive CPB online event. An interactive discussion to help businesses better understand the requirements for loan forgiveness Featuring a demo of the CPB Loan Forgiveness Portal Recorded on Tuesday, August 18 at 2:00 p.m. (HST)

Central Pacific Bank (CPB), Mana Up, and the Hawaii Food Manufacturers Association (HFMA) forge new retail opportunities for Hawaii small businesses to sell products in Japan with Prince Hotels and Resorts and Natural Lawson convenience stores.