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Fast Facts on the U.S. Government's Work in Haiti: Caracol Industrial Park

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Fact Sheet
Office of the Haiti Special Coordinator
October 22, 2012


The Challenge

Unemployment in Haiti is a big problem, with an estimated 40 percent of the population unemployed. From a peak employment in the garment sector of 100,000 in the early 1980s, employment in this sector has declined due to embargoes, insecurity, and lack of investment. U.S. trade preferences, enacted through the HOPE (2010) and HELP II (2008) legislation, have made Haiti a more attractive place to invest.

In its National Action Plan, the Government of Haiti (GOH) expressed its desire to create centers of economic development outside of Port-au-Prince to spur economic growth and bring jobs to Haiti’s underserved regions. The Caracol Industrial Park is a first step toward achieving this goal, bringing together the Haitian and U.S. governments, the Inter-American Development Bank (IDB), and Sae-A Trading Co. Ltd.―Korea’s leading garment manufacturer. This first major public-private partnership is expected to bring permanent jobs to Haiti. The park is projected to initially create 20,000 permanent jobs through Sae-A’s investment alone. Ultimately, the industrial park has the potential to create up to 65,000 direct jobs once fully developed. At a ceremony in November 2011, the first stone was laid in the park; and operation and manufacturing activity began in 2012.

Accomplishments

The U.S. Government, through the U.S. Agency for International Development (USAID), is supporting several key interventions to prepare for and support the park.

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