Victoria Economic Development (VEDC) is an Economic Development Agency based in Victoria, Texas. Established in 1982, it is a private economic development organization created to serve the City of Victoria, Victoria County, and the surrounding geographical region impacting Victoria's economy. Its objectives are to recruit new businesses, both international and domestic, in order to create jobs and increase the tax base and to retain and expand an existing business. Its investments are managed by the executive management team.Victoria Economic Development is currently investing in alternatives.