economy

Economy

TMT provides a number of economic benefits for Hawaii, including:

  • Paying $300,000 annual lease rent, which will increase incrementally to $1 million when it’s operational; 80% goes towards the stewardship of Maunakea and 20% to the Office of Hawaiian Affairs.
  • Creating 300 local and specialized union construction jobs during 8- to 10-year construction phase and employing 140 staff when operational
  • Generating $26 million annually in observatory operations
  • TMT is committed to hiring locally as much as possible and using local businesses for support services