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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.

Education

Victoria has become the location preferred by primary employers. With that designation has come a highly-trained, well skilled work force. Victoria's regional labor force consists of more than 500,000 workers within a 75 minute drive. This number is projected to grow over the coming decade.

  • Texas is a Right-to-Work state.
  • Low union profile in the manufacturing sector.
  • Texas has instituted major reforms in worker’s compensation, lowering employer’s costs substantially over the past several years.

The Victoria College, University of Houston-Victoria, Texas Vocational Schools, and Workforce Solutions of the Golden Crescent graduate students each year that provide a labor force reinforced with customized training skills. Texas has more than $250 million in federal funds available annually for training services to disadvantaged, unskilled and dislocated workers. The Texas sponsored Skills Development Fund is administered locally through Texas Workforce Solutions of the Golden Crescent.

Victoria has a stable, well-trained labor pool available at a cost that ranks below other comparable U.S. markets.

Texas has the nation’s second largest work force with over 11 million workers. Texas also boasts the nation’s third largest pool of graduate scientists and second largest pool of graduate engineers.