“A western Colorado technology company is likely the first in the state, and possibly one of the first in the country, to receive an investment that stems from being located in an opportunity zone,” writes Joe Vaccarelli for The Daily Sentinel.
That company is tech startup Proximity Space, based in Grand Junction and Montrose. Here’s more:
“When the opportunity zones were first created in 2018, it was thought that most investment would come in the form of real estate, but some recent clarifications showcased the ability to invest in companies already located in the designated zones. Mesa County has seven opportunity zones.
Proximity Space, which has more than 30 employees between Montrose and Grand Junction, met all of the qualifications for the investment.
Proximity Space CEO Josh Freed said qualified opportunity zone investments can help ensure companies keep their employees in areas that need a boost.”
Interested to learn more about Opportunity Zones? Contact GJEP today.
Photo of Proximity Space headquarters in Montrose, Colo. courtesy Proximity Space.