Why Haiti
The devastating 2010 earthquake in Haiti caused significant damage to the nation’s capital, Port-au-Prince, and resulted in fiscal losses roughly equal to the country’s 2009 GDP. In response, the international community has rushed to Haiti’s support and pledged approximately US$ 10 billion for reconstruction projects. As Haiti’s economy steadily begins to improve, there exists a great opportunity to invest responsibly by providing much needed capital, financial expertise and strategic support to SMEs in the country.
Haiti is now poised for growth. Haiti has a free-market economy with low-cost labor, a pro-business government, and capital demands that will continue to increase for the foreseeable future. Furthermore, the Haitian government, with the help of the international community, is attempting to create more jobs for its young workforce (the average age in Haiti is 21.4 years) by making it easier for foreign entities to invest in Haiti.
Haiti is well positioned to prosper in the coming years in part due to its proximity to the United States (its primary trading partner), the vastness of support from the international community, and its motivated and eager low-cost workforce.