Huntington Beach - Economy

Economy

Huntington Beach sits above a large natural fault structure containing oil. Although the oil is mostly depleted, extraction continues at a slow rate, and still provides significant local income. There are only two off-shore extraction facilities left, however, and the day is not far off when oil production in the city will cease and tourism will replace it as the primary revenue source for resident industry.

The city is discussing closing off Main Street to cars from PCH through the retail shopping and restaurant areas, making it a pedestrian zone only. Other shopping centers include Bella Terra, built on the former Huntington Center site, and Old World Village, a German-themed center.

Huntington Beach has an off-shore oil terminus for the tankers that support the Alaska Pipeline. The terminus pipes run inland to a refinery in Santa Fe Springs. Huntington Beach also has the Gothard-Talbert terminus for the Orange County portion of the pipeline running from the Chevron El Segundo refinery.

Several hotels have been constructed on the inland side of Pacific Coast Highway (State Route 1) within view of the beach, just southeast of the pier.

Huntington Beach contains a major installation of Boeing, formerly McDonnell-Douglas. A number of installations on the Boeing campus were originally constructed to service the Apollo Program, most notably the production of the S-IVB upper stage for the Saturn IB and Saturn V rockets, and some nearby telephone poles are still marked "Apollo Dedicated Mission Control Line."

Huntington Beach is also home to the headquarters of Cambro Manufacturing, an international foodservice equipment company, with two manufacturing facilities in the city.

Huntington Beach contains a small industrial district in its northwest corner, near the borders with Westminster and Seal Beach.

Read more about this topic:  Huntington Beach

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Famous quotes containing the word economy:

    It enhances our sense of the grand security and serenity of nature to observe the still undisturbed economy and content of the fishes of this century, their happiness a regular fruit of the summer.
    Henry David Thoreau (1817–1862)

    War. Fighting. Men ... every man in the whole realm is in the army.... Every man in uniform ... An economy entirely geared to war ... but there is not much war ... hardly any fighting ... yet every man a soldier from birth till death ... Men ... all men for fighting ... but no war, no wars to fight ... what is it, what does it mean?”
    Doris Lessing (b. 1919)

    I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.
    Calvin Coolidge (1872–1933)