Economy
Bacoor has developed into a site of commerce. Trade, banking and service sectors are Bacoor's primary income earners. Commercial activities are sporadic throughout the city ranging from wholesale to retail establishments, restaurants and eateries, hardware and construction supplies and other service-related industries, especially those located in SM City Bacoor where it serves as the city's main income earner. The mostly residential area of Molino is also home to SM Center Molino at the corner of Molino Road and Daang Hari. The entrance area from the Coastal Road to Aguinaldo Highway in Talaba and the area surrounding the Zapote Public Market (now the Bacoor Public Market) are other commercial centers. Bacoor has branches of 11 different commercial banks all over the city.
Land use developments in Bacoor include a proposed industrial village in Barangay Niog which will include light cottage industries with supporting residential and commercial facilities. A vast track of land in Molino area, on the other hand, is envisioned to host residential, institutional and commercial facilities. Dubbed as the New Bacoor, the land use plan in Molino seeks to utilize the area not only as a dormitory for individuals who work in Metro Manila but also for people who have migrated to Bacoor in search of economic advancement. The proposed urban waterfront development, which will cover a portion of the reclaimed area of Manila Bay, will be the front door of the city linking Bacoor to Boulevard 2000. The area will include an integrated mix of residential, business, commercical, tourism and recreational facilities. The proposed expansion of the LRT (Light Rail Transit) to wind up in Bacoor, designed to ease to flow of traffic in major thoroughfares, is another major development.
Crops, the productive area of which has lessened to only 100 hectares while fishponds which likewise decreased to almost half of the original 760 hectares. Salt production, fishing, oyster and mussel culture, which are now being threatened to near extinction because of pollution and overpopulation, are the other sources of income of the residents. These industries are also threatened by the construction of the Manila-Cavite Coastal Road Extension which will directly affect the Bacoor shoreline. The construction is not yet finished, thus affecting traffic flow in and out of Bacoor and the whole province of Cavite, as the city serves as the gate of the province. Very heavy traffic congestion is experienced by motorists due to unjustified traffic schemes, and poor and slow road maintenance especially during rush hours when most motorists travels in and out of the province to work on the nearby cities of Metro Manila. Bacoor is currently experiencing a rapid shift from an agriculture based economy to a residential/commercial urban center.
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Famous quotes containing the word economy:
“The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—Ralph Waldo Emerson (1803–1882)
“The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—Henry David Thoreau (1817–1862)
“It enhances our sense of the grand security and serenity of nature to observe the still undisturbed economy and content of the fishes of this century, their happiness a regular fruit of the summer.”
—Henry David Thoreau (1817–1862)