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.

 

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.