Incentives

Culpeper County offers the following by-right incentives to businesses:

Partnership for Economic Development and Jobs Training Program

Eligible businesses:

• Can receive reimbursement of 100% of Machinery and Tools (M&T) taxes for three years for investments over $500,000
  • With fewer than 26 employees can receive this incentive for investments over $250,000
  • That invest over $3,000,000 can receive 50% reimbursement of M&T taxes for years 4 and 5
• Can receive up to 50% of the new real and personal property taxes for approved employee training for a period of five years
• Can receive up to 25% of the new real and personal property taxes for approved employee training for an additional five years (years 6-10)

Culpeper Technology Zone

Eligible businesses:

• Able construct buildings up to 75 feet
• Must have a qualifying event of investment of $10 million and hire 10 employees at prevailing average wage. Both must be maintained during incentive period.
• Can receive reimbursement of 40% of taxes paid for fives years if qualifying event occurs.

Virginia Incentives

The Virginia Economic Development Partnership offers several incentives. Companies that choose Culpeper County are able to use both local and state incentives collaboratively.

Virginia incentive most frequently used by Culpeper businesses have included the Commonwealth Opportunity Fund, the Agriculture & Forestry Industries Development Fund, and the Virginia Jobs Investment Program.