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News

Oct 18, 2019
VEDC President Dale Fowler will lead the state association of economic development professionals as Chairman of the Texas Economic Development Council's Board of Directors in 2020.
Jul 02, 2019
The company is one of fewer than 10 companies in the U.S. and Canada that have an American Society of Mechanical Engineers Reinforced Thermoset Plastic Corrosion-Resistant Equipment Certification and they recently shipped two newly fabricated 21½-foot fiberglass containers from the Port of Victoria, confirming the local manufacturer has not only returned but surpassed previous production milestones.
Jun 26, 2019
Tony Schum, a Vice President in Duff and Phelps' Site Selection and Incentive Advisory practice provides a glimpse at the trends currently taking place in economic development and how the Victoria community is prepared to compete for new business investments.

Economic Indicators

Sales Tax Receipts for the City of Victoria and Victoria County
Year City of Victoria Victoria County
2017 $23,042,016 $8,244,984
2016 $23,849,611 $8,515,577
2015 $26,516,235 $9,891,860
2014 $27,397,094 $10,721,245
2013 $25,746,700 $10,127,088
Source: Texas State Comptroller

 

Effective Buying Income for Victoria's 7-County Region
  Victoria Calhoun DeWitt Goliad Gonzales Jackson Lavaca
Number of Households 32,510 7,994 7,061 2,881 6,477 5,109 7,701
$25,000 - $49,000 25.8% 25.7% 21.2% 22.4% 26.4% 23.1% 27.6%
$50,000 - $99,000 30.2% 29.0% 27.5% 30.5% 31.8% 34.1% 29.2%
$100,000 and over 21.7% 21.8% 22.3% 21.3% 15.9% 20.1% 19.6%
Per Capita Income $25,987 $24,372 $28,418 $29,513 $21,185 $25,687 $27,288
Median Household Income $51,758 $51,078 $49,736 $51,226 $42,983 $54,926 $48,677
Source: 2015 est., U. S. Census