city are classified into wholesale, retail and service-oriented businesses. The industrial sector of the municipal economy comprises 210 establishments in year 2006 as compared with 207 in 2000. This reflects a 2.4% increase in industrial activities over a period of six years (2000–2006). The existing industries are mostly on a micro scale except for the Coca-Cola Bottlers Philippines, Inc. located in barangay Guinatan which is the only significant employment generator within the locality at that time. Following the previous year's trend, industries currently operating are agro-industries, wood-based manufacturing or service-oriented industries. The commercial area includes areas which are occupied by public markets, wholesale and retail stores, restaurants, banks, shops and other establishments or structures engaged in commercial activities. The bulk of those who are engaged in trade and commerce are found in the public markets. The area covered by the commercial area is approximately 90.56 hectares or 2.62% of the urban core. As compared to the 2000 existing commercial area of 17 hectares, the increase of 73.56 hectares in 2007 is an indication that Ilagan is racing towards commercialization. The transformation of Ilagan into a fast growing city in Cagayan Valley became evident upon the assumption in office of then Mayor Josemarie L. Diaz, the re-structuring of the economic landscape of the city and the eventual transformation of its business climate into a business friendly environment successfully lured multi-national companies in investing their capitals into its market. Economic boom began to ingulf Ilagan with the entry of eight banks and financial institutions in just a number of months. The Local Government of Ilagan responded positively with these developments by the enactment of legislative measures including the provision of the Investment Incentive Code which provided for tax incentives to investments. These measures eventually opened the flood gates for big investments to enter the local market that included the establishments of malls like the Northstar Mall and Talavera Square Mall that house the Savemore, Robinsons Supermarket, Puregold, Jollibee, McDonald's, Red Ribbon, Goldilocks, Mang Inasal, Greenwich, Chowking and many other stores. At present, Ilagan has one of the fastest-growing economy in the province of Isabela as well as in the whole Cagayan Valley over the past years. The city is the primary growth center and investment hub of the Cagayan Valley region due to the rapid commercialization and stabilization of the different sectors involved in its economy. It has two major public markets