Economic Development Authority

Pursuant to the Code of Virginia §§ 15.2-4904(B) and 49-1 members must be sworn in and take an oath.

Purpose and Focus          

The Authority is authorized to approve tax-exempt bonds to finance the acquisition of land, building and new capital equipment for certain businesses and nonprofit organizations located in the County. These Industrial Revenue Bonds are available to 501(c)(3) nonprofit organizations and manufacturing business that meet the qualifications and restrictions defined in the U.S. Tax Code.

The purpose of the Authority is to promote industry and develop trade by inducing manufacturing, industrial, governmental, and commercial enterprises to locate in or remain in the Commonwealth of Virginia and to further the use of its agricultural products and natural resources, and all other purposes as are now or may hereafter be set forth in Chapter 49, Title 15.2, Code of Virginia.

Length of Term

Authority members serve for a term of four years ending December 31st.

Term Limitations

There are no term limitations.

Meeting Time and Place

Meetings are held as needed, at the Economic Development Center, 803 S. Main Street, Culpeper, VA.

Staff Coordinator

Bryan Rothamel, Director of Economic Development

Appointment Process

Members are appointed by the Culpeper County Board of Supervisors