Nickson Toussaint returned to Haiti from Washington, D.C., with dreams of opening a small hotel along the shimmering coast north of the country’s capital. He bought 2.6 acres of land for $70,000 and looked for a loan or investors.
But like other expatriates and people of Haitian descent who glimpsed opportunity in helping rebuild the impoverished country, Toussaint received a rude awakening. A Haitian development group that offers financing to first-time entrepreneurs hasn’t given him a loan.
The U.S. citizen also ran into a thicket of red tape and others laying claim to the land. The project has been stalled for almost two years. via | Columbus Ledger Enquirer