The following is by Dave Fowler, President of the Victoria Economic Development Corporation and printed in The Victoria Advocate on August 25, 2010.
'Thanks, Victoria, for the overwhelmingly positive response regarding the announcement that Caterpillar, the world's largest manufacturer of construction equipment, will be locating right here in Victoria.
During the due diligence part of our negotiation with Caterpillar, the Victoria Economic Development Corporation commissioned an economic impact analysis based on the project's parameters. The very conservative analysis performed by Impact DataSource of Austin indicates the 500-plus Caterpillar jobs will spin off more than 500 additional jobs in all other sectors of the local economy. That means you will not have to actually work for Caterpillar to be a beneficiary of their new jobs.
Additionally, the impact study indicates substantial revenues will be generated for all taxing authorities, including the ones participating in the tax incentives that helped Caterpillar choose Victoria. These revenues will be generated by property taxes paid on new homes and new businesses as well as those paid by Caterpillar over timie. Substantial revenue will also be generated by sales tax collected through people spending the money generated by their new jobs.'
Caterpillar will have a huge impact on the local economy, not only here in Victoria Texas but reaching far beyond the city and county.
If you find yourself relocating to the South Texas area and are looking for a home, land, farm and ranch, or commercial property, we at Coldwell Banker The Ron Brown Company are here to help with all your real estate needs.
Coldwell Banker The Ron Brown Company
2505 N Navarro
Victoria, TX 77901
(361) 575-1446
Offices in Victoria, Cuero, Rockport, Ingleside, and Wharton Texas.
www.ronbrown.com
www.coldwellbanker.com
www.rockporttexasrealestate.com
www.inglesidetxhomes.com
www.whartoncountyrealestate.com