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

Innovative Outdoor Manufacturer Goose Gear Chooses Grand Junction for Relocation

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

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

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.

Proactive Business Recruitment Through Meaningful Trade Shows

Proactive Business Recruitment Through Meaningful Trade Shows

At the Grand Junction Economic Partnership (GJEP), we foster growth in our community by attracting businesses to stimulate job creation and capital investment. Leveraging meaningful tradeshows for proactive business recruitment is one of the tools we use to promote business opportunities in our community, generate new leads, and foster collaboration with our partners at the state and federal levels.  

Skyhook Solar Celebrates Acceptance Into Rural Jump Start Program and Establishes Headquarters in Grand Junction

Skyhook Solar Celebrates Acceptance Into Rural Jump Start Program and Establishes Headquarters in Grand Junction

Skyhook Solar, a manufacturer of transportable, industrial-grade solar generators has selected Grand Junction as its new home and was accepted into the Rural Jump Start Program. The company’s core technology provides transportable, industrial-grade solar generators that can provide power to EVs, micromobility, internet access, lighting, and emergency services in public spaces.

Affordable & Workforce Housing: An Endorsement for a Brighter Future

Affordable & Workforce Housing: An Endorsement for a Brighter Future

Over the past few years, our community has experienced significant growth and development with new investments, people relocating to the region, and the vision of our community gaining traction.

As our community navigates affordable and workforce challenges, the Grand Junction Economic Partnership has voted to endorse upcoming ballot measure 2B that will allow for the lease of land for affordable and workforce housing up to 99 years.