This is the definition of colonialism. Expect the deficit to continue as your state is a colony.
I grew up on Maui. The pineapple & sugar cane were farmed there with inexpensive labor. The raw materials were lightly processed & shipped to the mainland to be manufactured. The sugar & to a lesser extent canned pineapple (it was easy to get fresh pineapple) were then sold at retail to the residents of Maui. HC&S (the sugar company) controlled the agricultural fresh water, so no agricultural competition could arise.
The local residents were not happy & conducted social, religious, & political action which included adhering to indigenous cultural practices to gain some concessions.
If you study the history of Hawaii & how its monarchy was overthrown in a coup by US business interests with the help of the US military (to protect the interests of US citizens of course) & the events since, you will have a set of tools to keep what is rightfully yours. Of course Hawaii is now a US State with a large military base & munitions. Aquifers are polluted by jet fuel from the US Navy which it still has not taken appropriate action for. The struggle continues...