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ELEMENT 2. ECONOMY <br />Article 1. General. <br />Section 2-1-1. Findings and purpose. <br />The County finds that economic conditions shape how Hawaii Island residents live, work, <br />and remain rooted in their communities. Employment opportunities, wages, business viability, <br />cost of living, and access to essential goods and services directly influence household stability, <br />community well-being, and the County's ability to provide public services over time. <br />Economic conditions do not exist in isolation. They are closely interconnected with land <br />use patterns, housing availability, infrastructure capacity, transportation systems, natural <br />resource stewardship, and public services. Decisions made in one area of the General Plan <br />inevitably affect economic outcomes elsewhere, underscoring the need for coordination across <br />County policies and investments. <br />While many economic forces originate beyond the County's direct control, County actions <br />play a meaningful role in shaping local economic conditions. Through land use decisions, <br />infrastructure investment, workforce development, regulatory practices, and partnerships, the <br />County can influence where economic activity occurs, who benefits from it, and how resilient the <br />local economy is to external shocks. <br />Hawaii Island's economy has historically relied on a single dominant industry, evolving <br />from plantation agriculture to tourism. The COVID-19 pandemic underscored the risks of <br />overreliance on a narrow economic base and highlighted the importance of diversification, local <br />capacity, and economic stability rooted in community needs. <br />The County further finds that long-term economic prosperity depends on working within <br />the island's physical, cultural, and ecological limits. Economic activity must be aligned with the <br />island's community carrying capacity, infrastructure constraints, labor force realities, and the <br />stewardship of `aina and community resources. Growth that exceeds these limits can undermine <br />quality of life, strain public systems, and erode the very conditions that support economic <br />opportunity. <br />In light of these findings, the purpose of the Economy Element is to provide a coherent <br />framework for County decisions that affect economic activity. This Element guides policies and <br />actions that support diversification, strengthen local and community -based economies, improve <br />economic resilience, and ensure that economic development contributes to the long-term well- <br />being for Hawaii Island residents. <br />