Business briefs, Aug. 27-30
Business network to hold monthly meeting
The Park City Women’s Business Network is gearing up to hold its monthly meeting. According to the group’s website, pcwbn.org, the next meeting is scheduled for Sept. 13, from 6-8 p.m. at the offices of Backcountry.com, at 1678 Redstone Center Dr. The meeting is an opportunity for members to network and make new contacts. Visit the website for more information.
Developer acquires land for Canyons Village residences
Columbus Pacific Properties, LLC has acquired land in the Canyons Village area to build a 10-acre luxury residence community. According to a press release, the development will be called Apex Residences Park City and will feature 63 three- to five-bedroom residences, all with ski-to-door access to Park City Mountain Resort. Vail Resorts, which owns PCMR, will manage the properties. The first homes are slated to be completed in time for the 2017-2018 ski season. “With 26 homes already under contract, this new community is answering a growing demand in Park City for a more modern, sophisticated residential offering for both a ski and snowboard experience,” said Tony Tyler, project manager.
Utah has another month of job growth
Utah’s nonfarm payroll employment grew again in July, by 3.2 percent, adding 43,800 jobs compared to July in 2015. According to a press release, the unemployment dropped one-tenth of a percentage point from June to July, to 3.9 percent. That’s one percentage point lower than the national mark of 4.9 and indicates Utah has the second-highest job growth in the country. Carrie Mayne, chief economist at the Utah Department of Workforce Services, said in the release that the data indicates Utah’s economy remains strong. “Strong job growth continues throughout many parts of the state,” she said. “Opportunities abound for job seekers to find gainful employment in a wide range of career fields.”
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Vail Resorts has entered into a definitive merger agreement to acquire 100 percent of the outstanding stock of Peak Resorts. Through the acquisition, Vail Resorts will add 17 U.S. ski areas to its network of resorts.