$2B in private investment to help stem migration
President Kamala Harris received $1.9 billion in new investments from the private sector to address root causes of migration forcing people out of Central America.
The companies will be investing in El Salvador, Guatemala, and Honduras to help economic growth and provide new opportunities for low-income and at-risk communities in those countries.
Gap Inc. invested $150 million to increase manufacturing jobs in Central America. SanMar, an apparel company, is investing $500 million to support an additional 4,000 jobs.
Visa is investing $270 million to increase digital infrastructure in the area. Telecommunications company Millicom is investing $700 million to boost broadband networks.
Overall, the total commitments secured from the private sector since Harris began this task last year totals $3.2 billion.
Vice President Harris on Tuesday will tout $1.9 billion in new investments from the private sector to address root causes of migration driving people out of Central America.
The new commitments com…