A Costco Wholesale operation opening in Grand Junction is expected to include 275 net new jobs and a $59 million capital investment.

“What this will do is bring jobs, quality jobs that pay well and have really impressive benefit packages and offer opportunities for advancement to people within this community,” said Grand Junction Mayor Anna Stout.

Curtis Englehart, executive director of the Grand Junction Economic Partnership, also hailed the development. “This is a legacy win for our community, and it speaks volumes about the positive business environment and opportunities available in the region. Costco’s presence in the Grand Junction area will not only enhance the retail landscape, it will also contribute significantly to the job creation and economic growth for Mesa County and surrounding areas.”

The new Costco will be located on the north side of 24 Road and Interstate Highway 70 and is anticipated to be open in 2026.

The Grand Junction City Council voted to approve the development on Oct. 4. In August, the council authorized the creation of a metropolitan district, allowing the developer to repay a portion of infrastructure costs on the project with sales tax revenue it would normally turn over to the city. The infrastructure will become city property.

The original deal had the City of Grand Junction forgoing $8.5 million in sales tax. After further deliberation and conversations with city and county leaders as well as the developer, the council voted to increase the original $8.5 million in forgone sales tax up to $12.3 million.

Mark Goldberg, owner of Goldberg Properties and lead developer on the project, called the move by the Grand Junction City Council the “linchpin” of the deal.

Mesa County has pledged $200,000 towards public infrastructure improvements along with a business personal property tax incentive.

The opening of Costco is expected to bolster the Grand Valley as a regional economic hub as well as affect Mesa County through job creation, increased economic activity, investment in infrastructure and community engagement.

Costco is projected to create 275 net new jobs ranging from entry level to management with an average annual wage of $47,507.

The retailer will also bring a significant capital investment of $59 million with the development and construction of the facility.

Over the first 20 years of operation, Costo is projected to generate:

n$64.2 million for Mesa County.

$11.7 million for Mesa County School District 51.

$8.3 million for the City of Grand Junction.

$2.6 million for Fruita.

$1.8 million for Palisade.

$774,000 for Collbran.

$774,000 for DeBeque.

Englehart said the Grand Junction Economic Partnership worked with Costco’s developers, providing information about labor force and migration, site selection support, identification of potential incentives and connecting developers with key community stakeholders.

The effort to bring Costco to Grand Junction also was a result of collaboration among local economic development partners, he said, including the City of Grand Junction and Mesa County as well as the Grand Junction Area Chamber of Commerce.