The Construction Source America

City of Victoria, Tx | 7 Success is said to breed success. In this instance, the EDC developed another 100 acres of land at a site located just across the street from the new Caterpillar facility. This site will soon serve as home to a new division of Ken Garner Manufacturing, a Tennessee- based enterprise recognized as the leading industry producer of counterweights crucial in the manufacturing of heavy duty equip- ment – particularly, the excavators produced by Caterpillar. BENEFITS FOR BUSINESS Beyond setting aside land, the Victoria EDC helped spur other incentives which not only posed a benefit for new business operations, but also benefitted businesses already exist- ing in the community. For example, the com- munity already had what were known as en- terprise zones. For businesses that operate in such zones, there are certain tax benefits and allowances which provide fast-track permit- ting. Expanding on that line of incentive, the Caterpillar site has been deemed as a Foreign Trade Zone (FTZ 155) which accommo- dates similar benefits. The Caterpillar site is also located only 12 miles from the Port of Victoria, a facility that is utilized by barges Entrance to Victoria’s Lone Tree Business Center