Puʻunēnē's primary industry was growing, harvesting and processingsugarcane for over a century but production ceased in 2016. In 2019, a field of potatoes was planted by Mahi Pono where sugar cane used to be grown. This 40-acre (16 ha) initial planting was the beginning of using these fallow lands to increase local food production.[1]
The Alexander & Baldwin Sugar Museum is housed in the former residence of the superintendent of Puʻunene Sugar Mill, which the Hawaiian Commercial & Sugar Company (a division of Alexander & Baldwin) operated across the street since 1901. Its mission is "to preserve and present the history and heritage of Hawaii's sugar industry, and the multi-ethnic plantation life which it engendered."[3] Also located in Puʻunēnē is the Puʻunēnē School, which is listed on the National Register of Historic Places.[4]
About three miles (4.8 km) to the south of Puʻunēnē is the site of a former Naval Air Station (1940–1947),20°48′59″N156°27′38″W / 20.81639°N 156.46056°W / 20.81639; -156.46056.[5] This would later be known as Pu’unēnē Airport, and was the site for the second Maui Airport, after Maalaea, and part of the struggle to achieve an adequate landing strip of the Island of Maui for Hawaiian Airlines to use. An old runway is now used as a drag strip for Maui Raceway Park.[6]