The Rural Bank of Labason, Inc. is one of the leading financial institutions catering the financial needs of the residence of Labason. Aside from that is the Labason Multi-Purpose Cooperative is also a financial institution catering financial needs. Micro-finance corporations such as ConZard and Xavier Agricultural Extension Services (XAES) were helping financing livelihood which in turns stimulates the local economy.
The presence of 10 rice mills strategically situated in the municipality is a reflection that this area is an agricultural area.
Wood craft and nipa weaving were the primary cottage industry in the locality.
The main commercial hub of the municipality is the Labason Public Market which almost half of the total business establishments are located. Other commercial areas are scattered in some strategic place of the poblacion such as: bus terminal, school vicinities and major thoroughfare.
The major transformation of the Labason Coastal Area particularly that of area from Malintuboan to Osukan brings about the advent of tourism industry were Labason is offering its beaches through the established resorts to both local and foreign tourists.
There are barber shops and beauty parlors in the area, as well as dress shops/tailoring, photo studios, and pension houses. There are also arrastre stevedoring and hauling services available in the locality as well as auto-repair shops, welding shops, vulcanizing shops, computer shops, electric shops, cocktail lounges, bakery and refreshment parlor. Reception halls, drug store, pawn shop, money transfer service, funeral parlor and amusement parlor (billiard hall) can also be found in the municipality.
Sports and Recreation Facilities
Basketball and volleyball courts were mostly found on all barangays of the municipality. In the Poblacion, there is the Labason Cultural and Sports Center (ABC Gymnasium) were various sports and cultural activities were held. There are two tennis courts located in the Municipal Plaza and in the DPWH 2nd Engineering District Compound in Barangay Osukan.