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News

Jul 02, 2019
The company is one of fewer than 10 companies in the U.S. and Canada that have an American Society of Mechanical Engineers Reinforced Thermoset Plastic Corrosion-Resistant Equipment Certification and they recently shipped two newly fabricated 21½-foot fiberglass containers from the Port of Victoria, confirming the local manufacturer has not only returned but surpassed previous production milestones.
Jun 26, 2019
Tony Schum, a Vice President in Duff and Phelps' Site Selection and Incentive Advisory practice provides a glimpse at the trends currently taking place in economic development and how the Victoria community is prepared to compete for new business investments.
Apr 09, 2019
The University of Houston - Victoria and Victoria Independent School District prepare Victoria's future workforce with specialized training in mathematics and robotics.

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.