Cagayan de Oro City
Source: cagayandeoro.gov.ph
Why invest in Cagayan de Oro?
Cagayan de Oro is a veritable goldmine for those in search of new tourist and investment destination.
The city has a reservoir of advantages: no typhoons all year round, rich agricultural environments, a broad consumer and manpower base, cheap and abundant power, strategically located internation seaports, modern telecommunication facilities, adequate infrastructure and a highly efficient educational system. As the trade and service center of Northern Mindanao, the city is a prime location for cost-effective air, land and sea transit. Moreover, its striving business community and the necessary business support facilities makes the process of doing business relaxed and pleasurable.
The soundness of the Cagayan de Oro business climate as well as its metropolitan flavor combined with the warm and easy nature of the local people gives it a self-contained setting that motivated an increasing number expatriate business to stay in the city for good.
As an urban center with a regional market orientation, a high level of market sophistication and an economy closely intertwined with the economies of the entire region, the city is poised for planned, rapid and sustained growth.
History
The City's history dates back many centuries before the Spaniards came to Cagayan when the territory was called Kalambagohan. Its main town, Himologan, was a hill-top fortress situated some eight kilometers south of the present Poblacion.
At the time when the first Spanish missionaries came in 1622, the people of Cagayan had tributary relation to Kudarat, the Muslim Sultan of Maguindanao empire in Cotabato. However, the people had not embraced Islam and instead, many became Christians after sometime. Because of this, Muslim warriors began to attack the settlement. As a defense strategy, the priests persuaded the people to transfer from the hilltop to a better location which is the present site of the Saint Augustine Cathedral. The Cagayanons were able to defend themselves for almost 250 years from Muslim harassment.
In 1738, Spanish dominance was felt in Cagayan. When Misamis gained status of province in 1818, one of its four districts was the Partidos de Cagayan.
In 1871, the "Partidos" became a town and was made permanent capital of Misamis. In 1883, the town became seat of the Spanish government in Mindanao for the provinces of Misamis Oriental, Misamis Occidental, Bukidnon, Lanao del Norte. Consequently, from a purely farming-fishing area, Cagayan emerged into a booming commerce and trade center.
The war years in Cagayan were prompted by the presence of the Americans in 1898. The Americans were initially and successfully repulsed by the local forces led by Major Apolinar Velez at the historic battle of Macahambus in June 4, 1900.
After the troubled years, peace finally brought back the economic activities to normal under the guidance of Americans. St. Augustine School, the forerunner of the present Xavier University and of Lourdes College, was inaugurated in 1928.
On June 15, 1950 President Elpidio Quirino signed Republic Act No. 521, which granted the status of a chartered city to the municipality of Cagayan de Oro.
Following these events, the socio-economic order underwent some far-reaching changes. Activities grew in scale and importance until it developed as the administrative center for the entire Northern Mindanao (Region X and XIII).
Today, Cagayan de Oro is one of the fastest growing cities in the country and was declared a "Highly Urbanized City" by the Ministry of Local Government last November 22, 1983.
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