BusinessTuesday, November 3
Treasury approves all 91 of Colorado's new Opportunity Zones
The AM Denver team
If you follow where investment money lands, the U.S. Treasury approved all 91 Opportunity Zones the state submitted, Gov. Jared Polis announced Monday. They go live for investment Jan. 1.
In the metro area, 39 zones are proposed across Denver, Adams, Arapahoe and Jefferson counties. They include every eligible neighborhood on Denver's Mile High Line, plus Sun Valley and Globeville.
Polis says Colorado's 91 new zones could generate over $4 billion
- 91
- zones approved, the most the state could submit
- $4 billion
- or more in potential investment, Polis said
- 39
- zones proposed in Denver, Adams, Arapahoe and Jefferson counties
Sources: BizWest, Denver Gazette
- Tax benefits: for investing in real estate, infrastructure and operating businesses
- El Paso County: eight zones, including North Nevada Corridor
- Outreach: more than 100 stakeholder meetings and six statewide webinars
The state's economic development office will provide grant funding to communities in the zones. You can sign up for email updates on the Colorado Opportunity Zones webpage.
The zones go live Jan. 1, with grant guidance due by year's end
- Sept.The state submitted the 91 zones to the Treasury.
- Nov. 2The state announced the Treasury approved all 91.
- Jan. 1The 91 zones will go live for investment.
- Year-endOEDIT will release guidance on grant opportunities.
- Early 2027OEDIT will offer webinars on accessing the grants.
Sources: BizWest, Denver Gazette
Sources: BizWest, Denver Gazette