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News

Apr 07, 2021
The Victoria Economic Development Corporation Board of Directors have selected the Next Move Group to provide executive search services to assist them in finding the next leader of the organization.
Mar 30, 2021
The Victoria Economic Development Corporation Board of Directors has been asked to accept the resignation of President, Dale Fowler effective April 10, 2021.
Feb 24, 2021
The U.S. Small Business Administration is offering low-interest disaster loans to non-farm businesses of all sizes, private nonprofits, homeowners and renters in Texas counties who suffered losses caused by the severe winter storms that began February 11, 2021.

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.