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The Honolulu Advertiser

Updated at 12:21 p.m., Friday, February 18, 2005

BUSINESS BRIEFS
Honolulu 4th in cost of living

Advertiser Staff

Honolulu ranked as the fourth most expansive place to live during the fourth quarter of 2004, according to the ACCRA Cost of Living Index released today. The list was headed by New York, San Francisco and San Jose, Calif. McAlester, Okla. was the least expensive city of the 305 urban areas surveyed.

ACCRA, a non-profit economic development research center, bases its index on the cost of consumer goods, excluding taxes, and non-consumer expenditures.



Maui center to get Cray supercomputer

The Maui High Performance Computing Center will soon be getting a new Cray XD1 supercomputer to increase space surveillance and image processing capabilities.

The purchase is part of a $23 million order that Seattle-based Cray received from the U.S. Department of Defense High Performance Computing Modernization Program.

The Cray system will be able to perform more than 1.6 trillion calculations per second in support of the work of the Maui Space Surveillance Site on Haleakala,

The Maui Space Surveillance Site, which gathers data on near- and deep-space objects, combines operational satellite tracking facilities with research and development projects.



UH gets funding for minority business center

The U.S. Commerce Department has awarded a $490,000 two-year grant to the University of Hawai'i College of Business to create a center to provide assistance to minority-owned businesses on Oahu.

The Honolulu Minority Business Development Center will provide professional services such as:

  • Researching capital sources, sales opportunities and new products and services;
  • Developing a database of market and funding information and resources;
  • Matching minority owners with new markets and capital sources;
  • Assisting in contract negotiations, sales contracts and financial planning.