Cagayan de Oro City is one of the fastest growing city in terms of local economies because of high numbers of investors coming to the city and to put-up their business. The city has local and multi-national companies such as Del Monte Philippines, Nestle, Coca-Cola, Pepsi Cola, Swift and others.
The city's economy is largely based on industry, trade, service and tourism. Link2Support and Arriba are among the few call centers that have recently opened their doors to the city. Cagayan de Oro is a young city compared to other highly urbanized cities in the Philippines.
The city's annual income has reached a local record of 1.345 Billion Pesos as of the fiscal year, 2006. With the ongoing construction of the world class Laguindingan Domestic Airport with Global standard, business analysts predict the entry of more foreign and local investments and an increase in tourism activity in the region that would make Cagayan de Oro City as one of the chief cities in the southern part of the Philippines