Following the opening of a world-class farmer’s market in Narvacan, Ilocos Sur, many new businesses have sprouted in the area, according to a certified report on economic data of the municipal government.
Latest records showed that in 2021, some 916 new businesses got registered in Narvacan, bringing the total number of businesses that year to 2,338 or a 64-percent increase from 1,422 business renewals in 2020.
Some 916 new businesses got registered in Narvacan.
The new businesses consisted of food and non-food stalls at the public market including other businesses in the information technology, tourism, and agriculture sectors, among others.
“The economic boom in Narvacan provided an increase in capital investments and more employment opportunities for the locals,” mayor-elect Pablito Sanidad Sr. said as he vowed to continue the legacy of outgoing mayor Luis “Chavit” Singson.
Amid the pandemic, Narvacan is among the fastest-growing municipalities in the Ilocos Region with its aggressive infrastructure development and modernization program.
Last April, the local government of Narvacan launched its pioneering digital “palengke” app which introduced cashless transactions to locals.
Last April, the local government unit launched its pioneering digital “palengke” app which introduced cashless transactions to locals.
Through a public and private partnership program, Narvacan is hosting the largest public market in the Ilocos region.
The modern public market is also powered by solar energy.
