Economic Development in Victoria, TX
Economic development in Victoria, TX, is growing with many new jobs and industries - especially in the manufacturing and transportation industries.
Victoria is considered the “South Texas Crossroads” due to its convenient location at the intersection of U.S. Highways 59, 77 and 87. Here's a sample of the primary businesses that fuel Victoria's growth:
Victoria Transportation, Land and Other Business Basics
Victoria Regional Airport serves businesses and travelers in the southeast Texas region. With four runways and one helipad, the airport provides arrivals and departures seven days a week, and even offers free Wi-Fi in the passenger terminal and free parking. The Sky Restaurant is on site and open for lunch and dinner Monday through Saturday. Beyond its casual dining, visitors can also take advantage of the full bar, private room or banquet hall.
After successfully developing its 322-acre Lone Tree Business Center, largely thanks to the arrival of Caterpillar, the city is now developing infrastructure for a second business park on Lone Tree Road. Sixteen and a half acres of this new park have been set aside for Victoria College's new Emerging Technology Center for corporate and industrial training. Construction of this new center will be paid for with a $22 million bond issue approved in 2012 by local voters.
Victoria Plastics and Manufacturing Companies
The largest integrated producer of polymers and fibers also has a presence in Victoria; Invista, Inc., focuses on nylon, spandex and polyester applications. Invista, Inc., a subsidiary of Koch Industries, sponsors a 50-acre wetland which serves as an educational science center for children in upper elementary levels through college, and returns 3.2 million gallons of water per day to the Guadalupe River.
Formosa Plastics Corporation has a 1,600-acre petrochemical complex in Point Comfort, Texas. Thirteen production units and a support center enable Formosa to produce plastic resins and petrochemicals. One of the largest employers in the area, Formosa also created the Formosa Tejano Wetlands Project to assist with wildlife preservation.
Inteplast Group's facility, in nearby Lolita, Texas, employs many people in the area. The facility is located on more than 700 acres and manufactures a variety of plastics. Some include: BOPP; stretch; grocery, merchandise and garbage bags; fluted plastic sheets; foams; and more. Inteplast focuses on innovation and technological practices in order to be the largest plant of its kind.
Another major area employer is Dow Chemical, whose Seadrift Operations manufacturing facility is located on 4,700 acres in North Seadrift. The plant focuses on basic and performance plastics and chemicals such as plastics for wire and cable, tubing, automotive parts, oxide derivatives for health and beauty products, along with others.
Berry Plastics Corporation, originally Imperial Plastics dating from 1967, works to grow into one of the largest manufacturers of injection-molded plastic packaging, thermoformed products, flexible films and tapes and coatings. Its plastics division is located in Victoria.
Read more about businesses in Victoria, TX.