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News

Nov 14, 2016
Robert Tully, Exxon Mobil's Gulf Coast Growth Venture Executive addressed members at the VEDC Annual meeting indicating the economic outlook for the petrochemical industry is strong and Victoria remains high on the list of sites being considered for a new multibillion-dollar petrochemical facility.
Jul 27, 2016
Exxon Mobil and SABIC, which have partnered for more than three decades in Saudi Arabia, are looking in Victoria as well as the Corpus Christi area, specifically San Patricio County, Exxon spokeswoman Margaret Ross said.

Foreign Trade Zone #155

Foreign Trade Zone No. 155 is located in Calhoun and Victoria counties and is managed by Calhoun-Victoria Foreign Trade Zone Inc. A sub-zone of FTZ 155 could be created at the proposed site. It offers operational and financial benefits to reduce operating costs associated with a U.S. location. Specifically, both foreign and domestic cargoes can be moved into the FTZ without formal Customs entry, without payment of duties or excise taxes, and without inclusion in quotas or other import restrictions. A zone user is able to avoid ad valorem taxes on all merchandise in the zone that is of foreign origin or which is destined for export.

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