Local officials from El Salvador are touring communities of Salvadorans living abroad, looking for investment in local communities as described in this story in the Boston Globe:
Nearly a dozen mayors, city councilors, and town administrators from the Central American nation swept through Massachusetts during the past two weeks to urge immigrants to invest in their homelands, create jobs, and - ultimately - prevent Salvadorans from having to immigrate to the United States for work.
About 1 million Salvadorans now live in the United States, including more than 17,000 in Massachusetts. The mayors are reaching out directly to émigrés as part of a new government-sponsored program, asking them to form committees or invest on their own.
Salvadoran immigrants already send home $3.3 billion a year, and nearly 30 percent of adults in El Salvador depend on the money to cover basic needs such as food, clothing, and shelter, according to the Inter-American Development Bank in Washington. The money helped transform cities and towns, turning shantytowns into freshly painted neighborhoods and allowing children to stay in school.
"It's helped to improve their homes," said Jorge Alberto Argueta, a former mail carrier who was elected mayor of the town of Santo Domingo 18 years in a row because he swiftly, and honestly, delivered immigrants' checks to anxious hands. "Now we need for them to invest in businesses." (more)
Remittances are more than one sixth of El Salvador's economy, and local officials want to channel some of it into investing in projects which will produce more growth in El Salvador rather than just consumer spending.