Signal Hill is experiencing a building boom. Construction permits amounted to $19 million in 1999, as new residential, retail, commercial, and industrial developments rose from the ground. In the housing market, construction began on 200 new single family homes, the highest number of homes built in one year in over a decade.

Commercial development continues to thrive in the Town Center area, with the construction of Food 4 Less, Starbucks, Coco's, and other retailers. These new retailers join Costco, The Home Depot, PetSmart, Radio Shack, Subway, Office Max and other retailers in the City's commercial core.

Along Spring Street, The Home Depot is preparing plans and environmental documents to open a second store in Signal Hill. The City will assist this new destination retail project through the construction of street widening improvements along Spring Street, funded in part through a grant from the MTA.

Signal Hill was recently awarded a $250,000 Brownfields Pilot Project grant by the Environmental Protection Agency. This Brownfields Initiative provides environmental and economic assistance to identify and assess health risks on undeveloped portions of the oil field and to restore economic vitality to the area through the redevelopment of the old oil field, creating new employment opportunities.

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