Subprime mortgage crisis
The city is home to several truck dealerships, and other industrial equipment sales centers, and, like its neighbors Ontario and Rancho Cucamonga, many product distribution centers for such companies as Toyota, Target, Sears, Mercedes-Benz, Southern California Edison, Home Shopping Network, and Avery Dennison. The city is also home to numerous small manufacturers of building materials and other locally used products, and many small auto dealerships and salvage yards. Fontana's economy has also heavily encouraged, at least until such activities had been somewhat hampered by the Subprime mortgage crisis, the planning, developing and construction of new housing tracts. The city also has numerous local shopping centers, such as the Summit Heights Gateway/Falcon Ridge Town Center at the north end of the city, and Palm Court in the southern section. The city also features commercial strip zoning along several of its major avenues and boulevards, such as the "Miracle Mile" straddling State Route 210 between Citrus and Sierra Avenues. The official Fontana Auto Center is part of that zone, with two major dealerships already in place.