Economy

PORT-AU-PRINCE, Haiti: For investors, Haiti remains a tough environment | National Business News | Columbus Ledger Enquirer


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

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