Thursday
Oct 25
2012
October 25, 2012

President Clinton Announces Opening of Caracol Northern Industrial Park in Haiti

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On October 22, President Bill Clinton joined Secretary of State Hillary Rodham Clinton, President Martelly, Prime Minister Lamothe, and President Moreno of the Inter-American Development Bank (IDB) for the opening of Caracol Northern Industrial Park in Haiti, an industrial facility that will create up to 60,000 jobs in the region and help decentralize the Haitian economy. The Northern Industrial Park has been a collaboration between the Clinton Foundation, the US State Department, the IDB, and the Haitian government.  

During the trip, President Clinton also visited the Park’s anchor tenant, the Sae-A factory, which is already employing 1,000 people, as well as the completed 10 MW power plant. Together with Secretary Clinton, President Clinton visited the expo hall featuring Haitian products and goods such as coffee, mangos, essential oils, and arts and crafts.

The Park also aims to help stimulate commerce for hotels, restaurants, and other small businesses in the region by expanding local and regional tourism. During the visit, President Clinton praised the expansion of the Cap Haitian airport, which will make the area more accessible for both leisure and business travelers. He further emphasized the importance of using local farmers and business owners in projects such as this, which will undoubtedly increase the impact of each investment.

The Park builds on President Clinton’s longstanding dedication to helping Haiti recover from the 2010 earthquake by increasing job creation and developing long-term economic growth. So far, the Clinton Foundation has co-hosted investor conferences attracting more than 1,600 investors and entrepreneurs to Haiti and facilitated more than 80 investor and donor missions to Haiti. The Clinton Foundation continues to collaborate with the global community to invest in Haiti’s development and growth in various economic sectors including agriculture, tourism, energy and manufacturing.

The opening of the Northern Industrial Park highlights the economic transformation made in Haiti since the 2010 earthquake and proves that, through private and public partnerships, progress can be made.

(Photo credit: Kendra Helmer/USAID)