State Millionaire Ranking Story  (pdf to print or use the link below to see the site)

Hawaii continues to be home to the highest percentage of millionaires, with nearly 31,000, or 6.93 percent of Hawaii’s total households.

Read more: Maryland ranks No. 2 for millionaires – Washington Business Journal

Sixteen undergraduate students in the University of Hawaii’s School of Travel Industry Management are to receive a total of $53,000 in scholarships.

The scholarships are being provided by the Edwin M. Hastings Memorial Scholarship Fund, which was established last year.

The merit-based scholarships support students who are Hawaii residents – preferably those who graduated from local high schools.

The late Edwin ”Ed” Hastings spent his professional life in the travel business, including stints in Hawaii managing hotels for Hilton and other chains. He also was instrumental in developing the Japanese market.

Economic Forecast

We thank Rick Smith for sponsoring the recent Brokers Open and his report on the economic forcast. Click the link to view the report.

Mahalo, The Hansens

The panel that oversees spending of federal economic stimulus funds is set to discuss how dollars for health care and parks have been spent.The Legislative Federal Economic Stimulus Program Oversight Commission will convene today at 10 a.m. at the state Capitol.

It will focus on how funds distributed to the state in conjunction with the National Park Service and the Hawaii Primary Care Association have been used.

The panel has already held several meetings and has more scheduled after today.

A subsidiary of a Boston-based wind power company is seeking to build what would be its third wind farm in Hawaii.Kawailoa LLC, a subsidiary of First Wind LLC, is proposing to build a new wind turbine facility on land at the former Kawailoa Plantation on Oahu’s North Shore.

The company currently operates a wind farm on Maui and is building one in Kahuku.

Kawailoa is proposing the construction of up to 43 wind turbine generators and support facilities on state-owned land.

Officials say power from the facility would produce 70 megawatts of electricity capable of providing power to 15,000 homes by 2012.