Colorado Opportunity 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 new 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
Kurtis Minder to Keynote Western Colorado Economic Summit
Kurtis Minder, CEO & Co-Founder of GroupSense, will be this year’s keynote speaker for the highly anticipated 2024 Western Colorado Economic Summit. The event is scheduled for Tuesday, April 16th at Colorado Mesa University.
Kurtis Minder has built a robust cyber reconnaissance operation protecting some of the largest enterprises and government organizations. His company, GroupSense, is a leading provider of digital risk solutions. Minder has successfully navigated and negotiated some of the largest ransomware, breach, and data extortion cases worldwide.
Tandem Studio Relocates to Fruita, Colorado from Belgium
Tandem Studios, a mixed arts workspace specializing in architectural 3D renderings, has decided to relocate to Fruita, Colorado from Belgium due to the region’s family friendly atmosphere, proximity to outdoor recreation, and business development resources.
NASA Names Colorado Mesa University an Emerging Research Institution with Inaugural Grant
Colorado Mesa University has been named a NASA emerging research institution with an inaugural grant that will offer undergraduate students a unique research opportunity.
Innovative Outdoor Manufacturer Goose Gear Chooses Grand Junction for Relocation
Goose Gear, a leading outdoor recreation and overland manufacturer, has selected Grand Junction, Colorado, as the site for its new headquarters and was awarded the Job Growth Tax Incentive. Family-owned and operated, Goose Gear specializes in manufacturing high-quality camping systems for vehicle-based recreation that add to the simplicity and comfort of their customers’ outdoor experience
Top Ways Economic Development Impacts Local Economies
Economic development is critical in impacting our local community and shaping the future of our social, cultural, and infrastructural landscapes. Each of us plays a part in shaping the destiny and direction of the place we call home.
At GJEP, we play a key role in the newest developments and celebrate alongside the businesses and organizations impacting positive change throughout Mesa County. Our mission is to create quality jobs and expand capital investment in Mesa County by attracting, expanding, and retaining primary businesses.
Grand Junction’s SG Aerospace & Gas Celebrates NASA Recognition
Headquartered in Grand Junction, Colorado, SG Aerospace & Gas pushes the boundaries of quality and innovation. The company has gained a reputation for its unwavering commitment to excellence, specializing in application-specific products that support aerospace, oil and gas, and industrial markets.
They have continued to grow and expand their capabilities while operating in Grand Junction and recently received recognition from NASA for their contributions to the Artemis project.