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Victoria City Council gives nod to tax incentive agreement for new business

17.05.12

The Victoria City Council wants to give a tax incentive to a new company by declaring its recently purchased 30 acres a reinvestment zone.

The resolution to accept the tax incentive application passed in a 5-1 vote Tuesday with Councilman Gabriel Soliz voting against the idea.

The agreement with Pennsylvania-based Keen Transport Inc. is the first Caterpillar-related project in the city.

Victoria Economic Development Corp. President Dale Fowler said the tax abatement is a "reasonable request."

Source: Victoria Advocate

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