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
Famous quotes containing the word economy:
“Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.”
—Alexander Herzen (1812–1870)
“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (1817–1862)
“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)