Inauguration of Caracol Industrial Park the Crown Jewel of Northern Haiti

Opening ceremonies for Caracol Industrial Park (CIP) occurred on October 22, 2012. Michel Martelly, President of Haiti, hosted some of the biggest backers of northern Haiti's first industrial park, projected to eventually produce nearly 200,000 jobs. Secretary of State Hillary Rodham Clinton, along with her husband, President Bill Clinton, presided over a crowd of investors and celebrities.

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Rene Preval And Michel Martelly At Caracol Industrial Park Inauguration

Haiti, the U.S., and the Inter-American Development Bank have donated a combined total of $464 million over the next six years. Other foundation and business donors are contributing to the development of Haiti's infrastructure.

Secretary Rodham-Clinton spoke before a lunch reception crowd. She told them that contributing to the sustained economic health of Haiti goes beyond sending relief aid to the earthquake-damaged island. On-going private investment in the infrastructure and economic initiatives to provide Haitians a better quality of life are key to raising Haiti out of its failed-state status. She said that although CIP was already in the planning stages before the 2010 earthquake shattered the country's infrastructure and economy, already feeble, the Obama administration has placed Haiti high on its priority list. The U.S. has followed through with a $124 million investment in CIP.

Two tenants currently occupy CIP, Sae-A Trading Co. Ltd. and Peintures Caraibes SA, a paint manufacturer. The Dominican Republic's D'Clase Apparel will be CIP's third tenant, expected to produce 5,000 jobs over the next two years. CIP is projected to produce 65,000 jobs in total.

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Read more: rene preval, Laurent Lamothe, Bill Clinton, Michel Martelly - Cap-Haitian, Caracol, industrial park, Hillary Clinton, business, Job, Employment, Business & Finance

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