In a large skillet, heat the extra virgin olive oil over medium heat. Add the diced yellow onion and red pepper, sautéing until they become soft and translucent, about 3-5 minutes. Stir in the garlic and cook for an additional minute until fragrant.
Add the ground beef or turkey to the skillet. Break it up with a wooden spoon and cook until it’s no longer pink, about 5-7 minutes. Drain any excess fat if necessary.
Stir in the taco seasoning, fine sea salt, and fresh ground black pepper. Mix well until the meat is evenly coated with the spices.
Pour in the chicken broth and add the undrained diced tomatoes and green chiles. Bring the mixture to a boil, then reduce the heat to a simmer.
Add the uncooked long-grain white rice to the skillet, stirring to combine. Cover the skillet with a lid and let it simmer for about 15-20 minutes, or until the rice is cooked and has absorbed most of the liquid.
Once the rice is cooked, stir in the drained and rinsed black beans and frozen corn kernels. Mix until everything is well combined and heated through.
Remove the skillet from heat and sprinkle the Colby Jack cheese evenly over the top. Cover again for a few minutes to allow the cheese to melt.
Serve the Cheesy Taco Rice hot, garnished with diced tomatoes, pico de gallo, sour cream, jalapenos, avocados, and guacamole as desired. Enjoy your delicious creation!