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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.

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.