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
Lada Cube, Grand Junction – A Colorado Company to Watch
Lada Cube is a building tech company offering pre-manufactured and pre-engineered walls, giving customers incredible flexibility and function. The company aims to create demountable walls that function like traditional walls.
Their unique model allows Lada Cube to drive innovation, offset waste, and environmental impact, and allow their customers to go mobile and customize spaces to fit their needs. This year, Lada Cube was named a Colorado Companies to Watch Award winner, recognizing their contribution to Colorado’s economy and innovation.
Sky Peak Technologies Expanding Horizons and Innovations in Grand Junction
Sky Peak Technologies, a Grand Junction- based tech company, continues to grow through the support of the Rural Jump Start Program and the State Trade Expansion Program Grant.
Economic Diversity: Using the Power of Data to Tell Our Story
How can we measure if our economy is truly diversified? At the Grand Junction Economic Partnership, we use several data points to measure Mesa County’s economic health.
New Zipline Opens in Grand Junction—Celebrating the Riverfront’s Transformative History
Bonsai Design and the City of Grand Junction celebrate the opening of a new zipline feature at Las Colonias Park, celebrating the riverfront’s transformative history.
Las Colonias Park Recognized by EPA and Office of Legacy Management
The U.S. Office of Legacy Management and EPA recognize Grand Junction’s Riverfront at Las Colonias Park in its 2023 Phoenix Awards. The Phoenix Award is given in recognition for the redevelopment and restoration of previously contaminated property.
Featured Property: 734 Main Street, Grand Junction CO
Discover one-of-a-kind modern office space in the heart of Downtown Grand Junction at 734 Main Street. This property has several options available for businesses seeking to operate in the region and includes great access to nearby amenities.