The Vendor Market Programme was created to provide an opportunity for budding entrepreneurs and small roadside vendors to gather and sell their wares in a semi-permanent location. In addition to marketing support from the BEDC, it is anticipated that vendors will also benefit by attracting more customers than they might as a stand-alone stall.
BEDC has supported the establishment of vendor markets around the Island including the Rubber Tree Market in Warwick, the St. George’s Olde Towne Market, the Uptown Market in N.E. Hamilton and the Hidden Treasures Market in Somerset. While it is not an objective of the BEDC to manage and establish markets, we will support community partners who seek to.
As part of our goal to support local vendors and markets, BEDC assumed management of the Island’s pedlars and vendors from the Magistrate’s Court. The Government’s Vendor Market initiative was launched in May 2007 by the BEDC as a pilot that would support and encourage micro-enterprise within our community. The goal of this programme was to develop successful vibrant markets that would promote entrepreneurship at the most fundamental levels. Since launching the Vendor Market initiative, over 200 vendors have registered with the BEDC and four vendor market sites have been established island-wide: the Rubber Tree Market in Warwick, the Olde Towne Market in St. George’s, the Hidden Treasures Market in Somerset, and the Uptown Market in North East Hamilton.
The BEDC remains vigilant in its mandate to support vendors and the vendor markets through vendor training, market knowledge, as well as the provisions of site materials. One of the BEDC’s key goals is to strengthen the vendor market industry and provide avenues for micro-enterprises to grow in Bermuda. Hence, this transfer of the oversight of the industry from the Magistrate’s Court to the BEDC is a natural evolution in serving this business sector.