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OPPORTUNITY ZONES

Tax incentives for investing in rural economies
The Opportunity Zones Program was enacted as part of the 2017 tax reform package (Tax cuts and jobs act) to address uneven economic recovery and persistent lack of growth that have left many communities across the country behind.

 

This federal program provides a tax incentive for investors to reinvest unrealized capital gains into low-income urban and rural communities. In Colorado, Opportunity Zones may help address a number of challenges like these →

Read Delta County Opportunity Zones Prospectus

Promotion

Promoting economic vitality in parts of the state that have not shared in the general prosperity over the past few years

Housing

Funding the development of workforce and affordable housing in areas with escalating prices and inventory shortages

Funding Infrastructure

Funding new infrastructure and upgrading the capability of existing underutilized assets through capital improvement

Business Investment

Investing in startup businesses who have potential for rapid increases in scale and the ability to “export” outside the state of Colorado

This economic and community development tax incentive program provides an impetus for private investors to support distressed communities through private equity investments in businesses and real estate ventures. Investors receive:

DEFERRED TAX PAYMENTS

Opportunity Funds allow investors to defer payment of the capital gains until December 31st, 2026.

REDUCED TAXES OWED

Opportunity Fund investing reduces the tax investors owe by up to 15% after seven years.

ZERO CAPITAL GAINS TAX

Investors can enjoy tax free capital gains earned from investments through the Opportunity Fund.

Delta County works with local stakeholders to carefully

craft a deal-flow of potential projects for investors

 Our Deal-Flow which includes a variety of potential residential, commercial, and mixed-use projects. Potential projects are positioned to provide investors with an understanding of the development opportunities in the Delta County and its communities. The team identified these projects by engaging critical partners and stakeholders that are prepared to work with investors to activate these opportunities.

These projects align well with the Opportunity Zone incentive as they are intended to be transformative in nature and will have significant community impact in these distressed census tracts if they are realized. Most potential projects have been framed in a way that should provide an substantive return on investment creating a win-win for the community and potential investors.

LEARN MORE ABOUT LOCAL OPPORTUNITIES

Potential Projects

Projects
February 24, 2021

Armory Building

  The three-story, 13,000 square-foot brick Armory Building has been vacant for several years and needs rehabilitation but retains values due to its historic architecture and deep ties to the…
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Projects
February 24, 2021

Delta Brick and Climate Company

The Project Goal is to relocate from an industrial park to near a former mining operation. DBCC hopes to use methane leaking from abandoned coal mines in the region to…
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Projects
February 24, 2021

Delta County Gateway Property

  Delta County would like to see the site developed with a mix of uses that could promote both economic development and community development.   The term “Gateway tradition” has…
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Projects
February 21, 2021

Delta Development Corporation

The Delta Development Corporation (DDC) will serve as an experienced business and development partner for investors wishing to take advantage of investment opportunities in Delta County. The DDC is a…
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Projects
February 21, 2021

Delta’s Gunnison Riverfront District (DGRD)

Delta’s Gunnison Riverfront District (DGRD) will be comprised of a mix of uses including commercial small-scale retail and office, diverse housing products, outdoor recreationally themed businesses, and active open space.…
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IMAGE DMEA BUCKET TRUCKSNewsProjects
June 24, 2024

DMEA secures $72 Million is USDA Funds for solar project.

The U.S. Department of Agriculture (USDA) announced this week that theDelta-Montrose Electric Association (DMEA) was one of two Colorado recipients of its Powering Affordable Clean Energy (PACE) program. DMEA was selected to…
Amy Perkins
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Projects
February 21, 2021

Downtown Development

Both the Cities of Delta and Paonia are designated as Opportunity Zones. An investor/developer willing to partner with each community will find a multi-year development agenda waiting. Delta County’s downtowns…
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A group of people wearing hard hats in front of a mountainNewsProjects
January 13, 2025

GOCO Awards over $750,000 to Delta County for Recreation, Conservation, and Education Projects

Delta County secures $750,000 for outdoor improvements. Exciting projects ahead! Read the Delta County, Co-Government Press Release 12.12.2024
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Projects
February 24, 2021

Individual Quick Freeze (IQF)

A regional processing facility with the capacity to quick-freeze area crops would provide an opportunity to divert tens of millions of pounds of wasted agricultural produce into value-added production.  …
czeller
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Gay pickup with gray camper in a large warehouseNewsProjects
October 3, 2024

Mesa Overland Expands Operations in Delta County- A New Chapter for a Growing Local Startup

"We're excited to have found the right space hre in Delta, and the support we've received from One Delta County has been invaluable." Read the full Press Release 10.01.2024
Amy Perkins
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Ladies and men eating at a long tableNewsProjects
November 30, 2023

One Delta County: An Economic Alliance discusses bringing Workforce Housing to Delta.

One Delta County: An Economic Alliance discusses possible Workforce Housing project at the Annual Meeting November 9, 2023.
Amy Perkins
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Projects
February 24, 2021

The Delta Elevator

  The Delta Elevator was purchased in April of 2019, realizing a breath of fresh air after 40+ years as a conventional feed mill.   The Delta Elevator has a…
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NewsProjects
November 30, 2023

Workforce Housing Coming to Delta – High Country Spotlight

On November 9, 2023, One Delta County: An Economic Alliance held it's Annual Meeting, discussing various projects they are working on. Among these projects, the potential Workforce Housing Project took…
Amy Perkins
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