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News

May 07, 2020

The Texas Governor’s Strike Force to Open Texas has provided Guidelines and Open Texas Checklists to help safely and strategically restart and revitalize all aspects of the Lone Star State. All Texans are called on to act responsibly while helping protect our most vulnerable neighbors. 

Apr 20, 2020
VEDC is partnering with Corpus Christi's Regional EDC to better understand the impact of the COVID-19 crisis on our local business community. We are participating in an impact analysis project as a member of the COVID-19 Business Resources Working Group that is conducting a series of local business surveys.
Apr 14, 2020
Governor Greg Abbott announced that Goldman Sachs and the LiftFund, along with other community development financial institutions (CDFIs), are partnering to provide $50 million in loans to small businesses in Texas that have been affected by COVID-19 as part of the Goldman Sachs 10,000 Small Businesses program.

Tax Abatement

The City and County of Victoria have established guidelines for the creation of reinvestment zones and granting tax abatements. Manufacturing, research or regional service facilities, distribution centers and other basic industries are eligible to apply. Economic qualifications include an increase to the appraised value of the property equal to or in excess of $500,000. In addition, the company must add a minimum of ten full-time positions.  Abatements are granted for up to eight years.

Download Tax Abatement Guidelines PDF

Please contact VEDC at vedc@victoriaedc.com or telephone 800-765-8198 or 361-485-3190 to learn if your business can benefit from this program.