• Background summary: The industrial park offers 250 hectares of full-service industrial

Haiti will invest in space for light manufacturing activity, near the U.S. market. It was built in 2012 with an
initial investment of $200 million from IDB.

productive • Article Summary: The Caracol Industrial Park (CIP) project is an investment project to
establish operational and infrastructure base for the CIP to become a successful
industrial park in the Caribbean, attracting investment and becoming self-sustaining.
infrastructure • The Inter-American Development Bank (IDB) is financing the expansion of the CIP in the
North of the country.
with IDB’s • Project type: Industrial Park expansion
•
support •
Budget: $65 million (expansion)
Timeframe: 2022 to 2027
• Source: https://www.iadb.org/en/news/haiti-will-invest-productive-infrastructure-idbs-
support
• Date: November 4, 2021
 Caracol
Industrial Park
Project Map
 Impact- Overall
Positive
• Economic growth in the region
• Prioritize social inclusion and equality; productivity and
innovation; and economic integration and resilience to
climate change
• Will generate 22,000 jobs
• Represent 20% of textile workforce is based in Caracol
• Community benefits from the park power energy
• Indirect jobs such as retail stores, housing, hotels etc..
Negative
• Waste management issue which impacts the environment
• Park built on farmer's land which affected the agriculture
• It’s constructed on a flooded area
• Political and economical instability such as labor unrest
Impact- Stakeholders & Beyond
Government
• Government will benefit from the income generated by the
taxes paid by the companies
Builders and suppliers
• This will benefit local construction companies to bid as
contractors or sub-contractors.
• This will allow the local market to provide supplies needed
for the construction project.
Investors
• With “Hope” law, investors benefit from the advantages
mostly in the textile industry.
Environment
• The Caracol Industrial Park is investing in green energy with
solar panels that will reduce significantly CO2 emission and
fuel consumption cost.
Opportunities
Investors
• Opportunities for investors mostly in the textile and other
industries
Build partnerships
• This project builds partnerships among the government with
Inter-American Development Bank (IDB) and the US
government through USAID.
Education
• Partnership can be made with the State University in the
Caracol area. Specialties in business management, engineering
(mechanical, industrial, etc..). Students can do internship then
be hired by the companies at the park.