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News

Jan 15, 2021

On Tuesday, January 19th, the Victoria County Navigation District, which owns and operates the Port of Victoria, will consider approval of a Memorandum of Understanding (MOU) with Victoria County, the City of Victoria, the Victoria Sales Tax Development Corporation, and the Victoria Regional Airport with the goal of stimulating industry and commerce in Victoria County.

Sep 24, 2020
New Pipeline will connect the Eagle Ford Basin directly to the Port of Calhoun, creating more than 1000 new Texas jobs and increasing Texas oil exports.
Sep 15, 2020
Victoria EDC has partnered with economic development professionals in the region to conduct an impact analysis project as a member of the COVID-19 Business Resources Working Group. The results of the surveys will provide our legislators and local elected officials valuable information as they work to help our community and state recover.

Opportunity Zones

The U.S. Federal Tax Cut and Jobs Act resulted in the creation of Opportunity Zones in 2017. Investments made in the development of property in certified zones may be eligible for preferential tax treatment under certain conditions. Seven census tracts are designated as Qualified Opportunity Zones (QOZ) in Victoria County, Texas. These certified tracts include:

  • 48469000100
  • 48469000201
  • 48469000202
  • 48469000301
  • 48469000302
  • 48469000700
  • 48469001601

The tracts are displayed in blue on the following map and include the downtown Victoria area, property along U.S. Hwy. 59 (I-69) and U.S. Business 59, as well as acreage in northern Victoria along N. Navarro street. The U.S. Department of the Treasury Community Development Financial Institution Funds webpage provides an interactive map to use when exploring Opportunity Zones. Also see frequently asked questions on the U.S. Internal Revenue Service website.