DISCOVER OPPORTUNITY IN COLORADO’s

GRAND JUNCTION AREA

We’re in the business of helping businesses grow.

In the right location, business growth isn’t just a possibility – it’s an inevitability. It’s where strategic advantages converge, resources align, and innovation flourishes. Grand Junction, Colorado, is that place, where the perfect blend of infrastructure, talent, and opportunity creates an ecosystem primed for exponential growth. Join us in a city where success isn’t just achieved – it’s cultivated.

In Colorado’s Grand Junction area, you’ll find a collaborative network and opportunities for growth. The Grand Junction area comprises three municipalities, including the City of Grand Junction, the City of Fruita, and the Town of Palisade. This is the largest metropolitan area between Denver and Salt Lake City and includes direct access to I-70 and access to air transportation through the Grand Junction Regional Airport (GJT).

The area is known for its stunning landscapes, outdoor recreation opportunities, and community-centric atmosphere. Enjoy ease of access, attractive property, a robust labor force, and the quality of life that businesses and employees crave.

About Us

At the Grand Junction Economic Partnership (GJEP), we help businesses discover innovation and sustainable growth opportunities as they relocate or expand into Colorado’s greater Grand Junction area.

Like the community that we reside in, we are bold and eager for change through innovation. We recruit and provide development opportunities to businesses in Grand Junction, Palisade, Fruita, and surrounding regions. As a private non-profit incorporated organization, we provide free business services and operate with the support of the community, investors, and economic development partners.

LATEST NEWS

A Personalized Approach to Business
Incentives and Financing

State and Federal
Incentives

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Rural Jump-Start Zone Tax Credit Program

New and expanding businesses in Mesa County may be eligible for this “tax holiday” for up to eight years, that includes zero state income taxes; zero state and local sales and use taxes; zero county and municipal real and business personal property taxes; and zero state income taxes for employees.

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Strategic Fund Incentive

The Strategic Fund Incentive supports and encourages new business development, business expansions, and relocations that generate new jobs throughout the State of Colorado. It is a cash incentive program for eligible businesses that create net new full-time jobs in the State of Colorado that are maintained for at least one year.

Opportunity Zones

Opportunity Zones are economically distressed community where certain new investments may be eligible for preferential tax treatment. There are seven Opportunity Zones in Colorado’s Grand Valley, which encompass most of central Grand Junction, including the new downtown river district, as well as Powderhorn Mountain Resort on the Grand Mesa.

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Job Growth Tax Incentive

A performance-based program for businesses pursuing job creation projects that would otherwise not occur in Colorado. Businesses that create at least 20 net new jobs in Colorado within a credit period may be eligible for a state income tax credit equal to 50% of FICA paid.

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Innovative Housing Incentive Program (IHIP)

A business located in Colorado that has 500 or fewer employees and that manufactures certain types of housing may apply for funding through the program. Funding may be awarded through grants for operating expenses and for incentives for units manufactured based on criteria established by the office such as affordability, location where the unit is installed in the state, or meeting energy efficiency standards. Funding may also be awarded through loans that fund a new housing manufacturing factory or the expansion of an existing housing manufacturing factory.

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Enterprise Zone

Mesa County is a designated Colorado Enterprise Zone, providing businesses with tax credits for specific (pre-certified) business operations, including hiring new employees, providing employees with health insurance and job training, obtaining a new business facility, and purchasing new equipment, if they locate or expand in a designated “enterprise zone.”

Colorado FIRST / Existing Industry Customized Job Training

Customized job training programs that increase transferable job skills that support both the company’s economic competitiveness and enhance worker’s resumes and long-term employment opportunities. The program focuses on companies relocating to, or expanding in, Colorado and provides funds only to net new hires.

Manufacturing Sales and Use Tax Exemption

A local sales tax exemption on purchases of machinery and machine tools over $500 to be used directly and predominantly in manufacturing tangible personal property for sale.

Advanced Industries Export Grant

The Advanced Industries Export Grant helps Colorado-based advanced industries technology businesses who want to export or are currently exporting. This grant is for small- and medium-sized businesses. It reimburses for international business development and marketing costs. Businesses can apply for up to $15,000 and up to 50% of the approved expenses.

The Global Consultant Network is also funded through this program. Colorado-based businesses can receive consulting support to help them expand into other countries. Consulting services typically last between three and eight months.

Consultants offer these services:

  • Market entry services
  • In-country partner meetings
  • Other services (cost dependent on service)
Advanced Industries Early-Stage Capital and Retention Grant

The Advanced Industries Early-Stage Capital and Retention Grant helps Colorado-based advanced industries technology businesses develop and commercialize advanced technologies that will be created or manufactured in Colorado. Projects can receive up to $250,000. This grant award maximum can be lifted for projects that impact more than one advanced industry.

The market typically under-invests in early-stage technologies. The grant’s goal is to fill the gap left by the market. The grant is not meant to compete with existing funding.

The Global Business Development (GBD) division administers this grant in partnership with Colorado’s advanced industry trade associations and receives final approval from the Economic Development Commission.

Local Incentives

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Mesa County and City of Grand Junction Business Personal Property Tax Rebate

A new or existing business that invests a minimum of $1 million in new business facilities or equipment, and increases employment by 10% or one full-time employee, may receive a rebate for 100% of business personal property tax paid to Mesa County and the City of Grand Junction

City of Grand Junction Sales and Use Taxes on Manufacturing Consumables

 Businesses have the opportunity to waive 100% of sales and use tax paid to the City of Grand Junction on manufacturing consumables used in the manufacturing process.

Grand Junction Economic Partnership Incentive Fund

GJEP’s Board of Directors may provide eligible businesses with cash incentives for capital expenditures and primary job creation in the Grand Valley.

On-the-Job Training Program

A limited-duration contract between an employer and the Mesa County Workforce Center that offsets wages while new employees are onboarding and training.

Opportunity Zones

The Grand Junction area is home to seven federally designated opportunity zones. These Colorado opportunity zones allow private investors to enjoy tax incentives for investing in real estate projects and operating businesses in the area. Businesses investing in these areas can receive tax incentives through deferrals, reductions, and possible elimination of certain federal capital gains taxes.

Included within these opportunity zones is the Riverfront at Las Colonias. This 15-acre business park is among the attractive, shovel-ready real estate opportunities in the region.

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