ABSTRACT This study attempts to rediscover a portion of San Francisco's history by exploring its socio-economic developments from 1955 to 2013, in which it brought San Francisco reach its milestone and prosperity. The municipality’s milestone was, when hailed as the “Most Competitive Municipality” by the National Competitiveness Council. The municipality bested other 163 competitive first-class municipalities in the Philippines, as determined by the Cities and Municipalities Competitiveness Index (CMCI). This index measured the competitiveness of San Francisco based on the set Cities and Municipalities Competitiveness Index’s three main pillars or indicators: 1.) economic dynamism, 2.) government efficiency, 3.) infrastructure, This study utilized a qualitative research design with narrative and analytical writing approaches in drawing out the socio-economic development history of the municipality of San Francisco and in assessing the drawn narratives to qualify for the three indicators of Cities and Municipalities Competitiveness Index. Purposive and snowball sampling techniques were also used for the data collection and semi-structured questions were utilized for the interviews. The researchers also relied on primary and secondary sources, such as the archives, the provincial and municipal development plan: Results show that the progress on read networks, agriculture. power and water, education, and telecommunication in San Francisco since then, are influenced by factors or determinants of socio-economic development such as, but not limited to, strategic location, human and natural resources. The decisive role played by these factors then contributed to the development of the municipality in hailing as the most competitive municipality in 2013. And aiding not only the economic aspect but as of the social aspect, hence. achieving its socio-economic development that brings the welfare of the community. Keywords: Socio-Economic History, Municipal Development, San Francisco Agusan del Sur, National Competitiveness Council (NCC)