Economic development group receives recognition for business center, Caterpillar project
Oct. 11, 2011 at 5:11 a.m.
Community Economic Development Award recipients include:
Category I (populations of less than 5,000): Ferris
Category II (populations of 5,001 to 15,000): Bridgeport
Category III (populations of 15,001 to 40,000): Cibolo
Category IV (populations of 40,001 to 100,000): Victoria
Category V (populations of 100,000 or more): Lubbock
Source: Texas Economic Development Council news release
The Victoria Economic Development Corp. is the winner of the Texas Economic Development Council's Community Economic Development Award.
The honor, presented last week at the council's 50th Anniversary annual conference in Fort Worth, recognizes entities that made significant economic development contributions to their communities and the state.
Victoria's award came for its strategic development plan for the Lone Tree Business Center and its marketing to industry leaders. The result was an announcement that Caterpillar planned to locate a hydraulic excavator plant at the business park.
Victoria was up against other communities with similar populations, including Allen, Longview, Missouri City, New Braunfels, Sugar Land and Waller County. Criteria for the award included innovativeness, transferability, community commitment and leverage, measured objectives and secondary benefits.