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News

Apr 03, 2020
Interactive and up-to-date information about the spread of the Coronavirus across counties in Texas and the nation.
Apr 02, 2020
VEDC is partnering with Corpus Christi's Regional EDC to better understand the impact of the COVID-19 crisis on our local business community. We are participating in an impact analysis project as a member of the COVID-19 Business Resources Working Group that is conducting a series of local business surveys.
Mar 28, 2020
Individuals, small businesses, big corporations, hospitals and public health, federal safety net, state and local governments, and education are the six main groups that would see the largest impact from the Coronavirus Aid, Relief, and Economic Security Act passed in the House and Senate.

Opportunity Zones

The U.S. Federal Tax Cut and Jobs Act resulted in the creation of Opportunity Zones in 2017. Investments made in the development of property in certified zones may be eligible for preferential tax treatment under certain conditions. Seven census tracts are designated as Qualified Opportunity Zones (QOZ) in Victoria County, Texas. These certified tracts include:

  • 48469000100
  • 48469000201
  • 48469000202
  • 48469000301
  • 48469000302
  • 48469000700
  • 48469001601

The tracts are displayed in blue on the following map and include the downtown Victoria area, property along U.S. Hwy. 59 (I-69) and U.S. Business 59, as well as acreage in northern Victoria along N. Navarro street. The U.S. Department of the Treasury Community Development Financial Institution Funds webpage provides an interactive map to use when exploring Opportunity Zones. Also see frequently asked questions on the U.S. Internal Revenue Service website.