Kamala Harris Secures New Investment From Pepsico, Cargill For Central America

Kamala Harris Secures New Investment From Pepsico, Cargill For Central America

Andrew H. Sweet

With the new pledges, Harris has secured private sector investments in the region worth over $1.2 billion, senior White House officials said. This follows a similar round worth $750 million announced by companies like Microsoft and Mastercard in May.

The new set of commitments includes consumer goods manufacturer Pepsico's plans to invest at least $190 million in northern Central America through 2025, including improvements to existing manufacturing plants and expansion of distribution routes.

Global commodities trader Cargill will invest an additional $150 million over the next five years to help farmers create jobs in the Northern Triangle countries. Parkdale Mills, which produces spun yarn and cotton products, will build a new spinning facility in Honduras and invest $150 million.

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