The Victoria City Council on Tuesday voted for the City to enter into a memorandum of understanding that affirms the City’s desire to collaborate with local public entities to promote economic development in Victoria County.
The MOU expresses a commitment to cooperation between the City of Victoria; Victoria County; the Victoria Regional Airport; the Victoria Sales Tax Development Corporation; and the Victoria Navigation District, which oversees the Port of Victoria.
The nonbinding MOU formalizes the organizations’ commitment to work together on mutually beneficial economic initiatives and outlines some of the ways this can be accomplished, such as by sharing resources, participating in joint marketing studies and developing a shared implementation plan that will identify steps the organizations can take to increase cooperation.
“This MOU sends a very public and powerful message that the City and County of Victoria and various entities therein are serious about promoting economic development and thus assuring the viability of our community well into the future,” Mayor Rawley McCoy said.
McCoy in his 2020 State of the City address expressed a desire for greater collaboration between the signee groups, which he referred to as the “Big Five.”
The memorandum is expected to be signed by all five organizations by the end of the month pending discussions at each of their meetings.