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BUSINESS

There are approximately 57,000 of us who have chosen to make Culpeper County our home. We live, play, work, eat, shop and go to school here. Those of us who own a home or car, pay Culpeper County and/or Town property taxes. Those of us who have businesses pay Culpeper County and/or Town business license fees and taxes.

But there is one tax we all pay that does not always come back to Culpeper. Did you know that of the 5.3% Virginia State sales tax collected, (5.3 cents on the dollar), one cent is returned to the county in which it was collected? And approximately another penny is returned to that county’s school system?

What does that mean to Culpeper?

This fiscal year, 2014–15, the County General Fund expects to receive $5,675,000, The Town Fund expects $1,325,000, and the School Fund expects $7,800,000. All these millions are from us spending our dollars in Culpeper County!

We would like to increase those millions by inviting every Culpeper resident to think about where they spend their money. Many of us commute out of Culpeper and tend to spend in other communities, perhaps for convenience or variety. But next time, think about the sales tax you are depositing in some other county’s general fund and school system. It may be a little inconvenient, and you may not be able to find everything you need in Culpeper, but if each of our 22,000 households diverted $50 a week to Culpeper, we could potentially generate an extra $1,000,000.

Culpeper Competes is a small business development competition program, set to begin in the Spring of 2020.

Entrepreneurs will have an opportunity to participate in a nine week course, culminating in a small business competition pitch.  

The Town of Culpeper Department of Tourism and Economic Development is managing this program.  Funding for Culpeper Competes comes from the Community Business Launch grant through the Virginia Department of Housing and Community Development, in combination with community partner match and in-kind trade services.

The Community Business Launch (CBL) program builds on the tradition of DHCD’s business support strategies, placing the community at the heart of entrepreneurial and small business development. We know community support plays a crucial role in the success of an entrepreneur. It starts with a community’s unique vision for its future and then uses the competition to find and foster the entrepreneurs that connect with that vision.

The Culpeper Competes program is a systems approach program, designed to excite and educate the community from local residents to local elected officials about the opportunities and impact of entrepreneurial and small business development. This program will provide the tools to effectively prepare multiple entrepreneurs to operate successful businesses in the Culpeper Competes designated area.

The Town of Culpeper’s designated area focuses on the heart of the historic downtown.  Covering .22 square miles, the designated area includes the Culpeper Downtown Urban Development area, which is the Town’s sixth designated growth area that encourages adaptive reuse of existing buildings, higher density new construction, and intentional design to complement the Town’s historic characteristics. The Culpeper CBL designated area also overlaps additional existing incentive zones, including the Business Incentive Zone, Culpeper Opportunity Zone, and the Culpeper Tourism Zone. 

Map of Designated Area:

 

Applications for Culpeper Competes will be released prior to the end of calendar year 2019. 

For more information, please contact Paige Read, Director of Tourism and Economic Development, pread@culpeperva.gov

      (540) 727-0611
    (540) 727-0648
   111 S. Commerce Street
          Culpeper VA 22701
          Office Hours
          Weekdays 8:00 am to 5:00 pm
 
Director of Tourism and Economic Development, Paige Read                       
Tourism & Marketing Specialist, Megan Gray                       
Office Manager & Visitors Center Supervisor, Kristi Mashon