Sep 14, 2016 | Education, Small Business
Lanai residents interested in learning about how to run their businesses more profitably attended a free workshop and dinner, Pinching Your Pennies: Finance for Small Businesses at the Lanai Senior Center. Presented by Maui Economic Development Board (MEDB) as part of their Innovation Series, this workshop offered attendees helpful tips on how to run their business more profitably and avoid mistakes that cause failure. Anyone who’s ever bootstrapped a business knows all about the art of doing more with less. The Pinching Your Pennies workshop gave participants a chance to recognize the importance of possible short- and long-term effects of their decisions. For example, “Will it save my business money without negatively impacting profits later on?”
The workshop speaker, Gerry Smith, Director of Business Development at MEDB, covered numerous topics concerning the break-even analysis. “We discussed how to determine the selling price of a product, why cash flow is so important, what fixed versus variable costs are, and the difference between wholesale and retail,” said Smith. “It’s good to be frugal,” he explained. “However, it was important to talk about what will directly affect customers or compromise the ability to operate efficiently, so that efforts don’t backfire. It’s all about looking at a business as a whole, and deciding which costs are absolutely worth it and which can be reduced in an efficient way that still benefits your business.”
“The workshop answered some essential questions for me,” said Lanai resident Cory Labang. “I learned the importance of knowing what money is coming in and what money is going out, and to know whether a profit is being made or not. I’m going to go home and make fixed-cost and variable-cost analyses for all my items.” Lanai resident Matthew Posadas’s career goal is to be a private chef. “The workshop energized and excited me,” Posada said. “I have taken business finance before, but this workshop helped me clearly understand some very important basic concepts. Thank you MEDB!”
This workshop was fulfilling. I’m so grateful to MEDB for bringing helpful business workshops to Lanai. I look forward to future meetings in their Innovation Series.
Matthew Posada, Lanai Resident
Sep 7, 2016 | Community
For more than 100 years, the Veterans of Foreign Wars (VFW) Auxiliary has been fulfilling its original objectives to serve veterans of this country within our communities. The Auxiliary is the VFW’s highly regarded support organization and is considered its “Partner in Service”. As a member of Maui VFW Auxiliary #3850, Paula Kalanikau has striven for many years to help veterans and their families. She and others raise financial aid for veterans; perform countless hours of community service; and fund cancer research, Special Olympics, and other worthy causes.
“I became a member of the VFW Auxiliary in 1989,” said Kalanikau. “However it wasn’t until 1998, upon my retirement from the Department of Health, that I got fully involved.” Kalanikau served as Junior Vice President, Senior Vice President, and then as Auxiliary President for three years. She was then elected President of the VFW Department of Hawaii where she worked with Maui County in their community work day projects. In 2005 Kalanikau was named Volunteer of the Year in the County and also received the Gene Thompson Lifetime Award. In 2006, she was instrumental in creating the Maui Freedom Walk to mark the 5th anniversary of the attack on the World Trade Center.
Kalanikau comes from a military family. She served in the Navy Nurse Corps for four years, taking care of the injured and sick. Her husband served in the Hawaii Army National Guard Reserves for 13 years, her brother David served in the Marines, and her brother Gilbert was killed in action in the Korean War. Additionally, Kalanikau served in the medical field at the National Naval Medical Center in Bethesda, Maryland where she saw firsthand how the wounded and their families have suffered. “Our veterans need our support to help them maintain their health and their benefits,” said Kalanikau. “We must continue to understand their needs.”
The community is invited to a Kihei VFW All You Can Eat Pancake Breakfast Fundraiser on Saturday, September 10th from 7am to 10am. There will also be an annual VFW Rummage and Bake Sale. http://www.vfwmaui.com/
The VFW Auxiliary helps to keep the public aware of the sacrifices and commitment of all service members.
Paula Kalanikau, Maui VFW Auxiliary 3850
Aug 31, 2016 | Education, Stemworks
“Pathways to Our Future,” the annual dinner and auction to benefit the Maui Economic Development Board (MEDB) Ke Alahele Education Fund, was held at the Fairmont Kea Lani Resort in Wailea on August 20th. The 2016 event, celebrating the Fund’s 10th year, provided a fun, educational and inspirational look at MEDB’s statewide STEM (science, technology, engineering and mathematics) programs. Over 550 guests enjoyed an exciting lineup of activities, bid on a myriad of items during the popular Apples for Education live and silent auctions and competed in teams during a Family Feud-style game – STEM edition. Besides hosting distinguished guests U.S. Senators Mazie Hirono and Brian Schatz, U.S. Representative Tulsi Gabbard, Lieutenant Governor Shan Tsutsui and his wife Lynette, and Maui Mayor Alan Arakawa and his wife Ann, the event raised an impressive $331,800. “Thanks to generous businesses and other community stakeholders, we have touched thousands of students,” said MEDB President & CEO Jeanne Unemori Skog. “Donors help support the teaching, tools, and experiences that will prepare our youth for STEM careers.”
MEDB proudly announced the 2016 honorees of the Daniel K. Inouye Innovation Award who demonstrated the most creative use of STEM tools and capabilities to best serve our community. First place winners, Lanai High and Elementary School students, Jasmine and Keona Conroy-Humphrey, used the geospatial software training they received in their MEDB STEMworks™ lab for their project, Lanai Fire Hydrant Collection. “We produced an Esri electronic map to geolocate fire hydrants for the Lanai Water Company,” said Jasmine and Keona. “The Esri Collector app helped locate the longitude and latitude of each fire hydrant allowing the water company and fire department faster access to the fire hydrants from their computers and phones. Our goal, to geolocate the information in a timely manner, was to help make Lanai a safer place.”
“We are so proud of all our STEM students,” said Skog. “MEDB’s programs offer a fantastic opportunity for students of different backgrounds, skill levels, and affinities to get together and create an amazing service for the community!”
The annual Daniel K. Inouye Innovation Award was created to inspire students and to encourage them in STEM pursuits that would include the community and make life better for our citizens.
Jennifer Goto-Sabas, Director of the Daniel K. Inouye Institute Fund
Aug 24, 2016 | Education
Ethan Gulnac, a 15-year-old Kihei Charter School 10th grade student, gave an extraordinary talk and drone demonstration at Maui Economic Development Board’s 2016 Hawaii STEM Conference in May. Interested in aviation since he was a child, Gulnac has learned the importance of science, technology, engineering and mathematics (STEM) education for his future aspirations.
“I have been involved with aviation my entire life,” Gulnac said. “Surprisingly enough, it all began with paper airplanes.” As a young child, Gulnac spent many of his days folding a variety of different paper airplane designs, exploring how each different fold would change the way it flew. After several years of flying model airplanes, he decided to build his first racing drone, equipped with a first-person video system. “With the headset on, I was no longer bound to the earth,” he explained. “It brought the ability to soar like an eagle!”
“STEM is everywhere in the 21st century,” said Gulnac. “Starting with science, drones are heavier than the air that they displace. In order to keep themselves airborne, they must create thrust using motors and propellers. As Newton’s second and third laws of motion state, the more air that they push in one direction, the faster they will accelerate in the opposite. In addition, drones are packed with technology. At the heart of the drone is an on-board flight controller, which constantly monitors the aircraft’s attitude. Furthermore, the design and construction of the drone require some engineering knowledge. Finally, drones are made capable of flying because of mathematics: a proportional-integral-derivative control loop manipulates the way they behave in flight.”
Last September, Gulnac met drone professionals George Purdy, co-owner of Drones Services Hawaii, and Scot Refsland of RotorSports while they were scouting out a location for the 2016 Drone Worlds competition. Recently, Refsland invited Gulnac to participate in the August Drone Nationals’ freestyle event in New York. Additionally, Drone Worlds will be held on Oahu, October 17-22. “This competition will be the ultimate showdown between the best pilots from around the world in both freestyle and racing divisions,” Gulnac noted.
To see Ethan pilot a drone and the maneuvers he pulls off is mind-blowing. He does maneuvers like the ones in movies like Star Wars. Everyone should try to see him compete on Oahu in October.
George Purdy, co-owner of Drones Services Hawaii
Aug 17, 2016 | Community
As part of their Innovation Series, Maui Economic Development Board’s (MEDB) workshop Rural Energy for America Program: REAP-ing What You Sow, drew a packed audience. The seminar, led by presenter John Antonio, State Energy Coordinator at the U. S. Department of Agriculture (USDA) Rural Development, offered attendees valuable information about the Rural Energy for America Program (REAP). “My goal at the workshop was to introduce REAP to Maui, since not too many people know about the program,” said Antonio. “My job as USDA coordinator is to make the energy grant understandable, and to help increase economic opportunity for rural Americans.” Under this state program, farmers, ranchers and small business owners interested in saving money on their energy bills, or implementing energy-efficient and renewable-energy improvements, have eligibility. Guaranteed loans, grants, or a combination loan and grant for qualified projects are all available.
“It is critically important that Maui businesses are aware of and take advantage of Federal, State, and County cost-saving programs that are available to them,” said Gerry Smith, MEDB Director of Business Development. “At MEDB we’re always seeking out ways to assist businesses. A great way to do that is to bring in the people who run the programs, to share that knowledge with our local community.” Following the workshop, the USDA staff members were available for one-on-one consultations. They talked about the specific needs of the attendees, such as the benefits of increasing profit margins and lower energy costs. Additionally, the different types of eligible projects were discussed.
“I’m here to see if there might be funding opportunities for our agricultural neighborhood project, Hoku Nui Maui,” said workshop participant Gregory Raab. “This farm-residential community, which includes affordable housing, is off-grid and we’re looking into developing photovoltaic and other alternative energy sources.” Attendees were encouraged to look into ways they could improve energy use for their own business or their clients’ businesses. The REAP workshop also motivated attendees to look into other federal and state grant programs.
We came to the REAP workshop to learn more about the grants and loans available here on Maui. The information we learned was helpful for us to proceed with ways to save money and improve our business ventures. Thanks to MEDB for their Innovation Series!
John and Joni Stone, J2 Travels
Lanai residents interested in learning about how to run their businesses more profitably attended a free workshop and dinner, Pinching Your Pennies: Finance for Small Businesses at the Lanai Senior Center. Presented by Maui Economic Development Board (MEDB) as part of their Innovation Series, this workshop offered attendees helpful tips on how to run their business more profitably and avoid mistakes that cause failure. Anyone who’s ever bootstrapped a business knows all about the art of doing more with less. The Pinching Your Pennies workshop gave participants a chance to recognize the importance of possible short- and long-term effects of their decisions. For example, “Will it save my business money without negatively impacting profits later on?”
