Tagbilaran - Economy

Economy

The City of Tagbilaran has that relative advantage as Bohol's main business capital and center of governance, education and transportation. It is on this climate that commerce and trade is very promising in the city, and business activities thrive in port towns (e.g. Ubay, Tubigon, Talibon, Jagna) known to be growth centers of the province.

Many residents of Tagbilaran City are considerably moneyed, but when it comes to business development, they become investment-shy. It is observable that dollar earners and entrepreneurs would rather save and bank their money rather than invest them for business endeavor. In the light of this situation, the inflow of investments from foreign investors are steadily pouring in to finance business ventures especially in the area of tourism.

The two local food delicacies, "Peanut Kisses" and "Edelweiss torta", were started and promoted by the Alvarez family.

For a city its size, Tagbilaran has more than 20 banking institutions serving its populace as well as the entire province. This is due to the "thriftiness" of Bol-anons and remittances received from locals working abroad who hail from the city and other towns in Bohol. The average household income is P 141,028.00/annum in 12,876 households.