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.
INQUIRE ABOUT AVAILABLE SITES
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
OakStar Bank to Break Ground at Las Colonias on September 10, 2024
The Grand Junction Economic Partnership (GJEP) and OakStar Bank are pleased to announce the groundbreaking ceremony for OakStar Bank’s new facility, located at the Riverfront at Las Colonias Park (2735 Riverside Parkway, Grand Junction CO). The event will take place on Tuesday, September 10 from 3:00 – 4:00 PM at their new site, located on lot M, next to the furthest east dog park at Las Colonias.
Grand Valley Ice Approved for Rural Jump-Start Program, Bringing Premium Cocktail Ice to Mesa County
Grand Valley Ice, a locally born start-up, has been approved for the Rural Jump-Start Program. This innovative new business aims to fill a significant gap in Mesa County by providing clear, premium-quality cocktail ice to local bars, restaurants, and liquor stores.
Grand Valley Ice works to address a local market need as Mesa County’s growing population and thriving tourism industry have led to an increased demand in upscale alcoholic beverage establishments.
Clifton—Increased Services, Economic Development, and New Hope
The new Clifton Community Campus is the catalyst for the revitalization of the area and demonstrates what’s possible. Discover how Clifton is evolving and areas of opportunity for its economic development and community growth.
SG Aerospace and JFS LLC Named Colorado Companies to Watch Award Winners
Two Grand Junction-based companies, SG Aerospace & Gas and JFS LLC, have been named Colorado Companies to Watch Award winners. Since 2009, Colorado Companies to Watch has honored the critical, yet often overlooked, second-stage companies from throughout the state for their undeniable impact on our communities through job creation, investment, and pioneering innovation within their respective industries.
Protecting Our Future: Water Protection & Preservation
Protecting Our Future: Water Protection & PreservationBy: Curtis Englehart | Executive Director, GJEP Originally published in the Grand Junction Daily Sentinel (June 16, 2024) Water has always been essential to our way of life here on the western slope. Water...
The Last Mile: Growth & Economic Development
The Last Mile: Growth & Economic DevelopmentBy: Curtis Englehart | Executive Director Originally published in the Grand Junction Daily Sentinel (May 19, 2024) Earlier this month, we shared that the Grand Junction area will soon expect a new delivery: Amazon’s...