Vice President Harris Announces $1.2 Billion In Private-Sector Investments In Central America

As part of her role addressing the root causes of migration from Central America, Vice President Kamala Harris on Monday announced seven new commitments as part of the Call to Action she launched on May 27 for businesses and social enterprises to make new, significant commitments to sustainably address the root causes of migration by promoting economic opportunity.

“Six months ago, we had a commitment of $750 million,” Harris said Monday during a meeting with executives. “Today, we have a commitment of over $1.2 billion.

“This is not about us coming in and telling anyone what they should do. It is about being partners and assisting and helping to facilitate the natural desire of the people in these nations. This is important work. This is good work. I think it reflects the best of who we are as the United States recognizing our responsibility as neighbors to these countries in the Western Hemisphere.”

Commitments announced Monday include those from: CARE International, Cargill, Grupo Mariposa, Parkdale Mills, PepsiCo, JDE Peet’s, and PriceSmart.

In addition, Mastercard, Microsoft, and Nespresso—who announced initial commitments in May—announced further action in the region. As a result, businesses and social enterprises have invested more than $1.2 billion in response to the Vice President’s launch of the Call to Action.

The Vice President announced these new commitments during her closing remarks at a virtual event co-hosted by the State Department and the U.S. Chamber of Commerce, in collaboration with the Partnership for Central America, drawing over 1,300 business, government and civil society leaders from across the region and the United States, to encourage more companies to respond to the Call. Initial commitments made during the launch of the Call to Action are already bearing fruit.

PepsiCo said it plans to designate $190 million for investments in Central America, including improving manufacturing plants. Cargill, meanwhile, plans to invest $150 million in farming operations in El Salvador, Guatemala and Honduras. Parkdale Mills said it will build a $150 million yarn spinning site in Honduras.

And Mastercard said it will invest $100 million to boost e-commerce in Central America.

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