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News

May 25, 2018
The advanced ADN technology investment will further strengthen the Victoria site's position in the global market.
May 24, 2018
Ryan Castleman, CEO of Agilon Energy announced plans to construct two power generation plants in Victoria County, Texas.
Nov 14, 2017
Jeff Klopfenstein, President of the Methionine Unit at Novus International, announced plans to expand Alimet production at a new facility thus increasing capacity and jobs, to members of the Victoria EDC at their Annual Membership meeting.

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.