Colorado Co. Makes First Opportunity Zone Equity Investment

The Grand Junction Economic Partnership has made an equity investment in Colorado-based tech start-up Proximity Space through its qualified Opportunity Zone fund. This is the first equity investment to a company in Colorado under the new federal guidelines.

While Opportunity Zone investment focuses on real estate development in designated areas, it also allows for broader investment to companies located in these designated areas. The terms of this investment were not disclosed.

Proximity intends to use the funding to grow the global network of its co-working software technology.