Victoria earns recognition for business growth
April 25, 2012 at 5:04 p.m.
Updated April 25, 2012 at 11:26 p.m.
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Victoria has been recognized as one of the Top 10 Small Southern Markets by Southern Business and Development Magazine.
Adrian S. Cannady, with the Victoria Economic Development Corp., said he was flattered and somewhat surprised by the recognition.
Cannady, vice president of marketing, didn't realize an article was being written about the area, but he's excited to see the economic growth.
"I'm aware of the tremendous momentum we are expecting," he said.
Cannady attributed the growth to Eagle Ford Shale, Catepillar Inc. and the ancillary industries that support both businesses.
He also acknowledged the petrochemical industry has put itself in a position to grow.
The magazine cited Victoria as the largest heavy excavator manufacturing facility for the Fortune 500 company.
"Victoria is the poster child for re-shoring," said Michael Randle, owner of Southern Business and Development.
He said the Crossroads is an ideal place to make exports because of location and cost.
"We're in the middle of everything," Cannady said in agreement.
Dale Fowler, president of VEDC, said Caterpillar is setting a precedent by taking advantage of the transportation avenues.
"Hopefully other companies will take notice," he said.