Business Briefs for June 19-22
June 18, 2010
Mountainlands celebrates finishing Phase Seven
The Mountainlands Community Housing Trust held an open house in Kamas Thursday for the completion of its seventh "Mutual Self Help Program." The program gives working families a chance at home ownership with no money down in exchange for sweat equity. The program accepts up to a dozen families who are required to spend at least 30 hours a week working on the entire development together. Phase Seven, Sage and Grassy Creek developments, now belongs to seven families who took 10 months to complete every home, said executive director Scott Loomis. The trust is accepting applications now for Phase Eight to begin August 1. Up to 15 lots are available but the program is hoping for about 10 families. Call 647-9719 for more information. The self-help program has built 57 homes for local families. At least one subsidy is available as a grant to reduce the mortgages for Phase Eight participants if they stay in the house, Loomis said.
Park City business KeyVive raises $1 million
Local start-up KeyVive Inc., a health care technology and social media provider servicing the diabetes market, issued a press release this week announcing the appointment of Gary Long to its board. Long is co-founder of the business Strategic Business Systems. KeyVive also announced the completion of its Series A round of $1 million to develop key proprietary technologies to help people affected by diabetes manage their disease and reduce health care costs, according to a press release. David and Aimee Greenholtz began the company in Park City.
Unemployment rate stabilizing
The Utah Department of Workforce Services announced the seasonally adjusted unemployment rate for May was 7.3 percent the same as the previous month. That signals good news as the rate was steadily climbing. Utah’s nonfarm wage and salaried job count expanded by 0.1 percent or 900 jobs in May.