The province of
Isabela and the city of
Santiago are notably the most progressive province and richest city in the region, respectively.
Tuguegarao City was included to be one of the digital cities for 2025 to sustain the rapid growth of the Information Technology and Business Process Management and to promote development in the city. The program (Digital Cities 2025) was created through a partnership between the DICT, the IT and Business Process Association of the Philippines (IBPAP), and Leechiu Property Consultants (LPC).
Cauayan is a component city in the province of Isabela. It is dubbed as the
Ideal City of the North and the host city for the proposed
Isabela Special Economic Zone and the
Regional Agro-Industrial Growth Center. It is the home of Cosmos Bottling Corporation, now acquired by the giant multinational business conglomerate San Miguel Corporation manufactures soft drinks in the area and the Mega Asia Bottling Corporation with its newly built plant for RC Cola brand. It is also here where the regional sales offices of several multi-national companies are located. As a young city, it has enormous potential for small to large enterprises and its real estate industry is just beginning. Medium size commercial centers or subdivisions are the appropriate ventures to put up.
Ilagan is a component city and the capital of the province of Isabela. The city is the
Corn Capital of the Philippines and has been considered as the
Primary Growth Center of Region 2. Most of the industries in the city are agri-based. Over the past decades, there has been a great number of local investments in poultry and hog raising. There are several poultry contract growers and small and medium scale hog raisers in the city. Other support facilities, warehouses and small and big rice mills, strategically located in the different barangays of the city to address the storage needs of farmers during the harvest season. Of all cities in the country, Ilagan ranks as the top producer of corn. As an agriculture-based city, it produces ample supply of corn, rice, vegetables and legumes. Fruits like the banana are year-round products especially in the mountainous areas of the city. Ilagan also produces seasonal fruits such as mangoes and pomelo. Commerce and trade is considered to be the city's second economic-based income. It is also the hub of the
Coca-Cola FEMSA Philippines, Inc., one of the industrial complexes in the region.
Solano is a first class municipality and the main commercial and financial center of the province of Nueva Vizcaya. It also has the most fast food restaurants chains and the most banks among the municipalities in the entire region. According to the 2016 Cities and Municipalities Competitiveness Index conducted by the National Competitiveness Council, Solano took the 25th spot overall and ranked 30th among the first class and second class municipalities in the Philippines. This further solidified the status of Solano as the undisputed premier town of Cagayan Valley being the premier town in Nueva Vizcaya and the fastest-growing municipality in the region. Cagayan has several attractions which include beaches, swimming, snorkeling, skin-diving, fishing in the river and the sea, hiking in primeval forest, mountain-climbing, archaeological sites, the collection of the provincial museum, the Callao Caves, and many churches. The
Cagayan Economic Zone Authority (CEZA) is situated in
Santa Ana, Cagayan.
Quirino is the youngest province in the region. With its agricultural based nature, the vast vegetative agricultural covers reveal the major source of living of the people. Farming has been the main industry in the province, with rice and corn as major crops as with other provinces in the region. Virgin forest and wealthy bodies of water have been great contributors in its development. Small scale industries like furniture making, basketry, rattan craft, and dried/fossilized flower production, where the province was famously known, are prevalent. Banana products also sold in and out the province and also for export purposes. The small scale business and associations also make their own products like banana chips, peanuts, patupats and others. The province also produces a substantial amount of fruits/crops like mango, citrus, pineapple, coffee, coconut, papaya,
lanzones,
rambutan and vegetables. The province of
Nueva Vizcaya has basically an agricultural economy with commerce, trade, and industry contributing to its growth and development. Among other major economic activities are farming and cattle and swine raising. Primary crops are
palay and corn. The province produces quality onions and vegetables often sold in Metro Manila. Oranges and mangoes are now major crops being exported fresh to other Asian countries; earning its title as the
Citrus Capital of the Philippines.
Batanes is the northernmost and smallest province in the region as well as in the whole Philippines. It is the only province located outside the mainland Cagayan Valley. Due to its geographical location, fishing is considered as a major industry and source of livelihood for the people. Garlic and cattle are major export crops. Ivatans also plant
camote (sweet potato), cassava, gabi or tuber and a unique variety of white
uvi. Sugarcane is raised to produce
palek, a kind of native wine, and vinegar. Tourism also contributes to the province's thriving economy. ===
Agriculture=== Cagayan Valley being the country's second largest region in terms of land area. As of 2022, Cagayan Valley region remains to be the top producer of corn in the whole country and second in rice production. Isabela is now dubbed as the top producer of Corn in the Philippines and the Rice Granary of the North. The two retail companies further strengthened their presence in the region with the opening of
SM Center Tuguegarao Downtown in 2017 and
Robinsons Place Tuguegarao in 2018, both are located in the region's capital,
Tuguegarao City. In 2022,
SM Prime opened
SM City Tuguegarao, its third in the region and second in Tuguegarao City. In 2018,
Vista Land and Life Scapes, Inc. announced the establishment of its first high-end mall in the region that is Vista Mall Santiago in
Santiago City, and they are also putting up Vista Mall in
Tuguegarao City it will be second on the region after Vista Mall Santiago.
Aquaculture and fishing industry On January 11, 2008, the Bureau of Fisheries and Aquatic Resources (BFAR) stated that
tilapia (
species of
cichlid fishes from the
tilapiine cichlid tribe) production grew and Cagayan Valley is now the
Philippines'
tilapia capital (
Saint Peter's fish). Production supply grew 37.25% since 2003, with 14,000 metric tons (MT) in 2007. The recent aquaculture congress found that the growth of tilapia production was due to government interventions: provision of fast-growing species, accreditation of private hatcheries to ensure supply of quality fingerlings, establishment of demonstration farms, providing free fingerlings to newly constructed fishponds, and the dissemination of tilapia to
Nueva Vizcaya (in
Diadi town). Cagayan Valley is one of the largest tilapia producing regions in the country, with Isabela as the leading producer. The development of the tilapia farming industry in the province came about with the water supply provided by the Magat Reservoir for irrigating rice fields. The high demand for food fish in the region was also a contributing factor. Based on the data from the Bureau Fisheries and Aquatic Resources in 2020, there are about 1,000 hectares of freshwater ponds in Isabela, producing around 16,000 metric tons of tilapia a year. Cagayan's coastline is one of the longest in the country having almost 73% of Cagayan Valley Region's coastal seaboards. This is aside from the large rivers and their tributaries, lakes, creeks and streams which are also rich fishing and aquaculture grounds. Untapped coastal fishing grounds stretch from the towns of
Santa Praxedes in the west to
Santa Ana on the east, on its northern coast facing the
Babuyan Channel; and from Santa Ana down to
Peñablanca on its eastern coast facing the
Philippine Sea. Despite this endowment, the province's fish production is not even enough to supply and sustain its own fish requirements. Deep sea fishing is not a common occurrence in the province – thus, foreign poachers are the ones reaping the bounties of its seas. Cagayan's deep seas are known for species like tuna, tuna-like fishes, hairtail, snapper, scad, slipmouth, mullet, grouper, shrimp, squid, and lobsters. The inland waters are used primarily by subsistence fishermen. Few privately operated fishponds and fish cages contribute to the overall fish supply of the Province. The coastal waters of Isabela are big sources of marine life that could supply the fish requirements of the region, according to a study commissioned by the Bureau of Fisheries and Aquatic Resources (BFAR). The study stated that Isabela waters are rich in untapped fisheries and marine resources and also has extensive sea grass beds and coral reefs that are home to variety of fish species which include sardines and mackerel and have sizable chunks of oceanic tunas, which thrive throughout the year. The fishing ground has 238 marine fish species. High species diversity could be an indication that the habitat is still good and undisturbed. The fishing industry in Cagayan Valley has been in perturbed condition owing to the declining pattern of production for the past years. Since 2015, average annual reduction in fisheries production in the region was estimated at three thousand metric tons or more than five percent decrease per year. In 2020, the latest estimated production at 45,382 metric tons is 4.6 percent lower than the 2018 total fish production of 47,572 metric tons and almost one third lower than the highest production realized in 2011 at 64,876 metric tons. By fishing grounds classification in the region, there is an inland municipal fisheries production and marine municipal fisheries production, the latter, particularly in provinces with coastal areas in the provinces of Cagayan, Isabela and Batanes. According to the
Philippine Statistics Authority (PSA), inland municipal production for 2021 has gone up close to 2,000 metric tons, while marine municipal production reached close to 3,300 metric tons, both as an initial production in the first quarter of 2020. According to the Bureau Fisheries and Aquatic Resources (BFAR), since 2010 to 2015, the fish sufficiency level in Cagayan Valley is on downtrend level because of the various threats to the industry. Several problems have affected the sector in the recent years including the weather disturbances, use of illegal fishing gears and methods and the increasing demand of a fast-growing population. The provinces of Batanes and Cagayan have passed the 100 percent sufficiency level at 138 percent while Cagayan recorded 96 percent. However, the performances of Isabela, Quirino and Nueva Vizcaya at 17 percent, 11 percent and 10 percent, respectively, have affected the total performance of the region. Data obtained from the Bureau Fisheries and Aquatic Resources showed that from 2006 to 2015, the sufficiency level has dropped significantly in 2010 until it reached its lowest level at 44 percent in the last five years. However, the overall fisheries production in the region grew by one percent in 3rd Quarter of 2020. From the total output of 11,954 metric tons in 2019, it accelerated to 12,075 metric tons in 2020.
Citrus industry Cagayan Valley is positioned to become the country's
Citrus Capital through a program undertaken by the
Nueva Vizcaya State University (NVSU) with funding from the
Philippine Council for Agriculture, Aquatic and Natural Resources Research and Development of the Department of Science and Technology (DoST-PCAARRD). The country's domestic supply of citrus is currently insufficient to meet local demand, according to DoST-PCAARRD, due to "high incidence of pest and diseases, poor orchard management, and low adoption of improved management practices, among many other factors." The NVSU's citrus research and development program includes yield improvement, setting up a
gene bank, and value chain analysis. It targets a 233% increase in yield – from 4.5 tons per hectare ha (t/ha) to 15 t/ha – and a 60% reduction in post-harvest losses from 25% to 10% by 2019. The targets are part of the
Citrus Industry Strategic S&T Program (ISP) of DoST-PCAARRD. By the end of 2017, the program team is expected to produce value chain maps for
calamansi,
orange, and
pomelo in the region; characterize fifteen species for the database system of the gene bank study; improve NVSU and
Municipal Agriculture Office (MAGRO) citrus nurseries producing 10,000 and 2,000 budded seedlings, respectively; establish new 1-hectare orchard with planting materials from NVSU; and generate data on the description of local citrus pests and diseases. ==Infrastructure==