Business briefs for Saturday, June 10.
Quiksilver, Inc announced that it has opened its new Mountain Center in Park City. The facility will house the North American headquarters for Rossignol, as well as various functions of the company’s existing snow brands including Quiksilver, Roxy, DC, Lib Tech and Gnu.
The new headquarters in the Wasatch Mountains will bring together winter sports merchandising, product line management, sales and marketing, snowboard design, team management and customer service, previously located in multiple locations, into one central site with approximately 65 employees.
Park City’s bond rating upgraded
Moody’s Investors Service announced that it has upgraded Park City’s underlying general obligation bond rating from Aa3 to Aa2, affecting approximately $20.1 million in outstanding debt. The bonds are secured by the City’s unlimited property tax pledge. The upgrade to Aa2 reflects the City’s continued tax base growth, resilient tourism-based economy, stable and healthy financial operations, above-average wealth indices, and favorable debt profile.
Governor Launches Youth Jobs Initiative
Governor Jon Huntsman issued a call to action Wednesday to the businesses of Utah to hire, mentor and enable youth to work in today’s expanding economy. The program, "Connecting Utah’s Youth to Utah’s Economy," is tied to the Department of Workforce Services youth programs, aiming the focus on at-risk and disadvantaged youth.
The Governor challenged Utah businesses to open 1,000 jobs to youth by June 21, the first day of summer. He also announced a job hotline for businesses to call: (888) 920-WORK.
Jess Reid Real Estate hires two new agents
Jess Reid Real Estate hired two new agents, Terry Sidford and Jessica Allen. They have joined the firm as licensed sales associates specializing in primary and residential real estate sales.
Originally from southern California, Sidford has a background in medical sales and marketing.
Sidford, originally from California, is a mother of two boys who are active in tennis, soccer and snowboarding. Sidford will be working with her husband Matthew Sidford, also with Jess Reid for eight years named top sales person of 2001 and 2005.
Originally from Salt Lake City, Allen has a background in hotel management and has worked for hotels in the area, such at Silver King and Chateaux at Silver Lake and has been active in the Park City Area Lodging Association.
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Tourism revenue increased month over month this summer, the Park City Chamber/Bureau reported, but lodging numbers are still off 22% for December. Officials reported a recent uptick in bookings, though, pointing to a modicum of certainty after ski resorts announced their COVID-related opening policies.