  {"id":131680,"date":"2020-12-03T08:00:59","date_gmt":"2020-12-03T18:00:59","guid":{"rendered":"https:\/\/www.hawaii.edu\/news\/?p=131680"},"modified":"2020-12-03T08:27:58","modified_gmt":"2020-12-03T18:27:58","slug":"uhero-covid19-economic-research","status":"publish","type":"post","link":"https:\/\/www.hawaii.edu\/news\/2020\/12\/03\/uhero-covid19-economic-research\/","title":{"rendered":"$1.2<abbr title=\"Million\">M<\/abbr> for <abbr title=\"University of Hawaii Economic Research Organization\">UHERO<\/abbr> COVID-19 economic recovery research"},"content":{"rendered":"<span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading time: <\/span> <span class=\"rt-time\"> 2<\/span> <span class=\"rt-label rt-postfix\">minutes<\/span><\/span><p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.hawaii.edu\/news\/wp-content\/uploads\/2020\/12\/manoa-uhero-private-donations-honolulu.jpg\" alt=\"image of buildings and ocean near Honolulu\" width=\"676\" height=\"381\" class=\"alignleft size-full wp-image-131681\" srcset=\"https:\/\/www.hawaii.edu\/news\/wp-content\/uploads\/2020\/12\/manoa-uhero-private-donations-honolulu.jpg 676w, https:\/\/www.hawaii.edu\/news\/wp-content\/uploads\/2020\/12\/manoa-uhero-private-donations-honolulu-300x169.jpg 300w, https:\/\/www.hawaii.edu\/news\/wp-content\/uploads\/2020\/12\/manoa-uhero-private-donations-honolulu-130x73.jpg 130w\" sizes=\"auto, (max-width: 676px) 100vw, 676px\" \/><\/p>\n<p>Critical <a href=\"https:\/\/uhero.hawaii.edu\/\">University of <span aria-label=\"Hawaii\">Âé¶¹´«Ã½<\/span> Economic Research Organization<\/a> (<abbr title=\"University of Hawaii Economic Research Organization\">UHERO<\/abbr>) research to help <span aria-label=\"Hawaii\">Âé¶¹´«Ã½<\/span> on its path to economic recovery has received a $1.2-million boost in private support.<\/p>\n<p><abbr title=\"University of Hawaii\">UH<\/abbr> President <strong>David Lassner<\/strong> said, &ldquo;We are deeply grateful to our community partners for their robust support of <abbr>UHERO<\/abbr> and the critical economic research that takes place every day. <abbr>UH<\/abbr> expertise is absolutely essential to our pandemic recovery, and these philanthropic investments will help <span aria-label=\"Hawaii\">Âé¶¹´«Ã½<\/span> craft a sustainable and thriving path forward for our people across the islands.&rdquo;<\/p>\n<p>Donors include: <span aria-label=\"Hawaii\">Âé¶¹´«Ã½<\/span> Community Foundation, Bank of Hawaii Foundation, Kamehameha Schools, First Hawaiian Bank Foundation, <abbr>DGM<\/abbr> Group, Hawaiian Electric Industries, Hawaii Medical Service Association, <span aria-label=\"Hawaii\">Âé¶¹´«Ã½<\/span> Pacific Health, American Savings Bank, Stanford Carr Development, <abbr title=\"Hawaii Planning Mill\">HPM<\/abbr> Building Supply Foundation, First Insurance Charitable Foundation, <abbr title=\"Hawaii Government Employees Association\">HGEA<\/abbr> and Hawaii State <abbr title=\"American Federation of Labor\">AFL<\/abbr>&#8211;<abbr title=\"Congress of Industrial Organizations\">CIO<\/abbr>, Island Insurance Foundation and the Harold K.L. Castle Foundation.<\/p>\n<p><span aria-label=\"Hawaii\">Âé¶¹´«Ã½<\/span> Community Foundation <abbr title=\"Chief Executive Officer\">CEO<\/abbr> and President Micah K\u0101ne said, &ldquo;As <span aria-label=\"Hawaii\">Âé¶¹´«Ã½<\/span> straddles crisis response and recovery planning, the state needs reliable, timely and accurate economic analysis to guide decision-making and our way forward. By supporting <abbr>UHERO<\/abbr>\u2019s research, we can ensure that our leaders, stakeholders and communities across the state have the complex data they need to make the decisions that will shape our future.&rdquo;<\/p>\n<p>The $1.2 million will enable <abbr>UHERO<\/abbr>, in <abbr>UH<\/abbr> M\u0101noa\u2019s <a href=\"http:\/\/www.socialsciences.hawaii.edu\/\">College of Social Sciences<\/a>, to hire two full-time faculty and build capacity for applied research on the most pressing issues facing <span aria-label=\"Hawaii\">Âé¶¹´«Ã½<\/span>.<\/p>\n<p><abbr>UHERO<\/abbr> Executive Director <strong>Carl Bonham<\/strong> said, &ldquo;Throughout the pandemic, businesses, nonprofits and public sector decision-makers have relied on us for our trusted and independent analysis of the <span aria-label=\"Hawaii\">Âé¶¹´«Ã½<\/span> economy. With the addition of these new team members, we will be able to sustain and grow our research efforts, and continue to help our state navigate through the current economic upheaval and the nascent recovery.&rdquo;<\/p>\n<h2><abbr>UHERO<\/abbr>\u2019s role in <span aria-label=\"Hawaii\">Âé¶¹´«Ã½<\/span>\u2019s economic recovery<\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.hawaii.edu\/news\/wp-content\/uploads\/2020\/12\/manoa-uhero-private-donations-retail-300x169.jpg\" alt=\"business open sign\" width=\"300\" height=\"169\" class=\"alignright size-medium wp-image-131682\" srcset=\"https:\/\/www.hawaii.edu\/news\/wp-content\/uploads\/2020\/12\/manoa-uhero-private-donations-retail-300x169.jpg 300w, https:\/\/www.hawaii.edu\/news\/wp-content\/uploads\/2020\/12\/manoa-uhero-private-donations-retail-130x73.jpg 130w, https:\/\/www.hawaii.edu\/news\/wp-content\/uploads\/2020\/12\/manoa-uhero-private-donations-retail.jpg 676w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/p>\n<ul>\n<li>Responds to questions from decision-makers, the press and the community regarding the immediate economic crisis.<\/li>\n<li>Conducts long-term economic recovery analysis, using cutting-edge models to <a href=\"https:\/\/uhero.hawaii.edu\/category\/forecast\/\">forecast <span aria-label=\"Hawaii\">Âé¶¹´«Ã½<\/span>\u2019s economy<\/a>, even as we navigate unprecedented changes in the state and around the world.<\/li>\n<li>Integrates emerging information on testing and epidemiological models to inform local decision-making to safely restart the economy.<\/li>\n<li>Updates and expands existing analytics tools and visualizations, including new <a href=\"https:\/\/data.uhero.hawaii.edu\/#\/category?sa=true&#038;start=2020-02-29\">high frequency economic data<\/a> for every county in the state.<\/li>\n<\/ul>\n<p>Bank of Hawaii Chairman, President and <abbr>CEO<\/abbr> Peter Ho said, &ldquo;It is becoming increasingly evident that <span aria-label=\"Hawaii\">Âé¶¹´«Ã½<\/span>\u2019s battle with the novel coronavirus and its aftermath will not be a sprint, but a marathon. Together, through innovative public-private partnerships, we will be able to meet the economic uncertainty armed with the best information to guide us to sustainable economic revival.&rdquo;<\/p>\n<p><abbr>UHERO<\/abbr> was co-founded in the 1990s by four <abbr>UH<\/abbr> M\u0101noa economics faculty members&#8212;Bonham, <strong>Byron Gangnes<\/strong>, <strong>Sumner La Croix<\/strong> and <strong>Denise Eby Konan<\/strong>, current dean of the College of Social Sciences.<\/p>\n<p>&ldquo;We are thankful to our community partners for their support of <abbr>UHERO<\/abbr> during the pandemic and into the future,&rdquo; said Konan. &ldquo;The primary goal of the College of Social Sciences and its units, such as <abbr>UHERO<\/abbr>, has always been to provide evidence-based social sciences research that brings to light important data and analysis, so it can assist <span aria-label=\"Hawaii\">Âé¶¹´«Ã½<\/span>\u2019s leaders in making informed policy and business decisions.&rdquo;<\/p>\n<ul>\n<li><a href=\"https:\/\/www.uhfoundation.org\/give\/giving-opportunity\/covid-19\">Support the <abbr>UH<\/abbr> Student Relief fund and COVID-19 research<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>The private support will fund economic research and help <span aria-label=\"Hawaii\">Âé¶¹´«Ã½<\/span> on its path to recovery.<\/p>\n","protected":false},"author":16,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26],"tags":[301,1411,1417,1416,197,1363,1026,319,9,343],"class_list":["post-131680","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-community","tag-college-of-social-sciences","tag-covid-19","tag-covid-19-research","tag-covid-19-uh-helps","tag-economics","tag-manoa-research","tag-social-science","tag-uh-foundation","tag-uh-manoa","tag-uhero","entry","has-media"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 5.0.0.1 - aioseo.com -->\n\t<meta name=\"description\" content=\"The private support will fund economic research and help Hawaii on its path to recovery.\" \/>\n\t<meta name=\"robots\" content=\"max-image-preview:large\" \/>\n\t<meta name=\"author\" content=\"Âé¶¹´«Ã½News\"\/>\n\t<meta name=\"keywords\" 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