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News

Nov 22, 2021
The Victoria Economic Development Corporation is excited to be in the heart of downtown Victoria at O'Connor Plaza.
Aug 06, 2021

The Victoria County Navigation District and Zinc Resources, LLC unanimously approved an agreement for a 25-acre lease on the new rail loop at the Port 's Victoria North Industrial Site. 

Jul 29, 2021

Dallas, Texas — TNW Corporation (TNW), a privately held owner and operator of short line railroads and transportation logistics companies, has been selected by the Victoria County Navigation District (VCND) in Victoria, Texas to provide the Port of Victoria’s rail operations and co-develop a planned 3,000 acre multi-modal logistics facility.

Texas Enterprise Zone

Both Victoria County and the City of Victoria have state designated Enterprise Zones. Businesses locating in an Enterprise zone may be eligible for both local and state benefits. To be eligible for state benefits, a business must be nominated by the appropriate governing body and designated by Texas Department of Economic Development as an enterprise project. To obtain benefits as a qualified business, the business must be active in the zone and at least 25% of the new positions must be occupied by persons that are residents of any zone within the governing body’s jurisdiction or economically disadvantaged as defined by state law.

Several financial incentives are available in Victoria for industrial and manufacturing firms considering a move to Victoria.

The County and City of Victoria each have a Texas Enterprise Zone. The County’s Enterprise Zone has an area of 17.6 square-miles, and the City’s Enterprise Zone has an area of 8.87-square miles. The State of Texas provides incentives for state-approved projects in the form of state tax credits, job training credits, and several other incentives. The VEDC is designated by the Victoria County Commissioners and the Victoria City Council to administer Victoria’s Enterprise Zones.