COLORADO OPPORUNITY ZONES

Discover Opportunity Zones in Grand Junction

Opportunity Zones were added to the federal tax code by the Tax Cuts and Jobs Act in December 2017. An Opportunity Zone is a federally designated region where certain new investments may be eligible for preferential tax treatment. The goal is to spur economic development and job creation by providing tax benefits to investors. There are seven Colorado Opportunity Zones in Colorado’s Grand Junction area, located mainly near Downtown Grand Junction and Powderhorn Mountain Resort on the Grand Mesa.

Real Estate Opportunity:
The Riverfront at Las Colonias Park

The Riverfront at Las Colonias Park in Grand Junction is a 140-acre property, including a mixed-used business park with seven shovel-ready pad sites along the Colorado River near Downtown Grand Junction. The business park is located within a federally designated Opportunity Zone and is designed with a focus on wellness, community, and outdoor access.

The commercial business park features attractive amenities nearby, including a 4,000-person capacity amphitheater, a botanical garden, a river park, and a zip line. This unique location is surrounded by public parks and a paved path that leads to world-class mountain bike trails.

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Why should I steer in this direction?

Receive tax advantages immediately & over the long-term: When investors reinvest their realized capital gain (from selling an appreciated asset) into an Opportunity Zone, they can defer and reduce the realized capital gains on the principal invested. The longer they hold the investment, the greater the reduction.

Investors can pool their money into Opportunity Zone Funds established by local fund managers: Grand Junction’s Rosecap Investments has established one of Colorado’s first Opportunity Funds.

Blog & Latest News

Five Economic Development Updates to Watch in Mesa County

Five Economic Development Updates to Watch in Mesa County

Five Economic Development Updates to Watch In Mesa County By Curtis Englehart, CEcD, Executive Director  for Grand Junction Economic Partnership (Originally published in the Grand Junction Daily Sentinel - December 2025 ) Mesa County continues to experience steady...

Made in Grand Junction: Local Manufacturing On The Map

Made in Grand Junction: Local Manufacturing on the Map By Matt Bell, Business Development Director for Grand Junction Economic Partnership (Originally published in the Grand Junction Daily Sentinel - October 2025 ) Although Colorado’s Grand Junction area may seem like...

The Las Colonias Evolution: Highs, Lows, and Horizons

The Las Colonias Evolution: Highs, Lows, and Horizons

The Las Colonias Evolution: Highs, Lows, and Horizons By Curtis Englehart, Executive Director for Grand Junction Economic Partnership (Originally published in the Grand Junction Daily Sentinel - August 19, 2025 ) The Riverfront at Las Colonias has been a popular topic...