The Barnyard, a shed manufacturing and retail facility, recently moved to Grand Junction after 27 years in Fruita.

The family-owned business moved into its new location at 2332 Interstate Ave. earlier this month. The new facility gives the business more space to grow and provides easier access to Interstate 70. It also has more bathrooms, larger office space and more space in the shop.

With the move, the company was also able to hire a new builder. The company typically constructs animal shelters, chicken coops and small dog houses.

“Our business is growing and we wanted to hire more guys,” Owner Tammy Hershberger said. “We were so tight in the last place.”

The business was previously located at 1940 Highway 6&50.

In addition to Hershberger and her husband, the Barnyard employs two full-time and two part-time employees.

The Hershbergers bought the business from the previous owner and liked the idea of owning a family business.

For more information on the company, visit thebarnyardsheds.com or search for the Barnyard on Facebook.

n Proximity Space, a Montrose-based company specializing in hardware, software and apps for coworking spaces, announced earlier this week that it is receiving new funding from the CORI Innovation Fund.

CORI is a qualified opportunity zone fund that invests in high-growth technology companies that support job creation and revenue generation in rural companies.

Opportunity zones were created through a provision in the federal tax reform bill in 2017 to spur development in underserved areas and allow investors to invest capital gains funds into these zones to delay paying capital gains taxes on the portion invested.

The funding from CORI is the third opportunity zone investment Proximity Space has received since August, when it became one of the first companies in the country to take in funding in this manner.

“This important investment in our current fundraising round further accelerates the growth of our network and allows us to broaden our reach to more coworking spaces, entrepreneurs and members of the mobile workforce,” Proximity Space CEO Josh Freed said in a press release.

“The CORI Innovation Fund is an authority on opportunity zone investment and is a great partner in pioneering how opportunity zone funding can work to support rural economies and spark change in communities like ours.”

The Center on Rural Innovation launched the fund initiative in September 2019 and this investment is the first such placement.

“We are impressed with Proximity’s business growth, their mission supporting the coworking space industry and the potential of the Proximity Network to reach freelancers and small businesses across the country,” Jay Bockhaus, managing partner of the CORI Innovation Fund said in a statement.

“Our goal is to reduce barriers to funding in rural areas and enable companies in a wider variety of locations to reach their growth potential and our investment in Proximity exemplifies these principles.”

n

Do you know about an area business opening, closing, moving or changing? Email bizbuzz@gjsentinel.com.

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