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News

Novus International Inc. Selects Calhoun County, Texas for Manufacturing Expansion
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.
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Formosa $5 Billion Expansion Underway
Jul 25, 2017
Formosa Plastics Corporation Texas, in Point Comfort, is investing $5 billion into a plant expansion that will extend into Jackson County and provide about 340 jobs. The expansion will broaden the company's plastic resins product line and increase overall productivity, said Bill Harvey, company spokesman. Construction began about two and a half years ago and is scheduled to finish in late 2018.
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Texas Tribune CEO, Evan Smith, Discusses Legislation's Effect on Economy
May 25, 2017
Evan Smith, CEO and Co-Founder of the Texas Tribune offered a thoughtful perspective on the 85th legislative session as he presented Politics, Policy, Population: Where We Are & Where We Are Going to members of the Victoria EDC at their Semi Annual Membership meeting.
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Sales & Use Tax Refunds

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The state levies a sales and use tax of 6.25% on sales of tangible personal property and certain services. The City of Victoria and Victoria County add an additional sales tax of 2.0% making the total combined rate of 8.25%. There are exemptions for groceries, medicine, property for resale, manufacturing equipment and many items used exclusively on farms and ranches for food production.