Professional Documents
Culture Documents
Introduction
public and informal markets as their principle source of employment. (Raijman, 2001)
Markets that surround within the low income communities have encountered
issues and problems with sustainability or had failed. Insufficient capitalization, poor
understanding and management in the consumers and the market can hamper any new
retail enterprise that will affect the communities’ economy (Ford Foundation, 2003).
Public Market has serve to be the business sector or the center for exchange of goods
and services from different cities and municipalities of the country. The typical public
concerns, and no initiate systems of operations, implying the need for renovation
(I-Movers, 2018).
One example of the newly renovated public market is the Mandaue City Public
Market which is officially opened last August 2019. It is located along Zamora Street
at the back of the National Shrine of St. Joseph. It is a two-storey facility worth of
P385 million. Wet goods were sold on the first floor and dry goods on the second
floor. This caters up to 1,046 registered market vendors with 1,194 stalls in different
sections.The registered vendors were those renting stalls at the old public market.
According to the 2011 Market Code of the City, the vendors will pay at least P80 per
day. There has been a renovation in the span of five years from the old public market
at the back of Mandaue Sports and Cultural Center which was damaged by the 2013
earthquake back to its original position where newly renovated public market located.
The Project for Public Spaces (2008) found that markets, specifically street
markets with a particular ethnic character were more likely to succeed that more
generally oriented markets. Public markets provide opportunities for social mobility
to economically and socially marginal communities, while also providing low cost
opportunities for existing businesses to expand into new markets. (Barron, 2016). It is
a place that helps communities connect and grow their economies. It has been an area
the communities in which they operate and investigate. However, only few focuses on
the utility of a newly renovated public market for sustainability. Hence, this study
consumers and sellers in the currently renovated public market in Mandaue City. This
study also serves as basis for further enhancement of implementation guidelines in the