Island giving – Hawaii lures high-tech exec

Hawaii officials are luring Silicon Valley executives to the islands to combine business, pleasure and philanthropy, the Associated Press reports.

The strategy is to attract high-tech business with promises of connectivity, high-speed lines and a skilled work force, AP says. 

State lawmakers also offer businesses tax incentives, including exempting stock options from capital gains and income tax.

Officials hope to attract generous visitors like software company CEO Mark Benioff, a vacation home-owner who helped his company install 250 network computers that provide five Hawaiian schools with Internet access. 

Honolulu-born Steve Case, CEO of America Online, is another high profile island philanthropist who has given $10 million to his alma-mater, the private Punahou School.

Hawaii is rebounding from a Japanese recession that reduced tourism and investments.

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