VEDC's private sector funding is derived from a businesses and individuals committed to supporting Victoria's growth. Contractual agreements are in place with the city of Victoria, Victoria County, and the Victoria County Navigation District to provide economic development services. Key Objectives To recruit new businesses, both international and domestic, creating jobs and increasing tax base.
Priority is given to the development of primary jobs to increase impact of multiplier effect.
To retain and expand existing business by assisting them to increase profitability through exports, strategic alliances, new project development and workforce development improvements. The VEDC has a staff of three dedicated full-time employees to conduct economic development activities. The Victoria Economic Development Corporation is working on job creation in the Victoria area with a comprehensive plan in place. VEDC initiates contact with companies within Targeted Industries. VEDC responds to industrial and manufacturing inquiries about the Victoria Market.