Snow King Mountain

Snow King Mountain Resort is one of many local recipients of Paycheck Protection Program loans of $150,000 or more, according to a list released by the U.S. Small Business Administration.

Coelette restaurant nears opening

Coelette, the newest restaurant in the Persephone and Picnic family, will open to the public in a few weeks after several “soft” private seatings.

The restaurant occupies the newly remodeled historic Coe Cabin at the corner of King and Pearl. For many years that was the home of Sweetwater Restaurant.

The name of the new restaurant is a diminutive of “Coe.”

“It’s just kind of going with a little ‘Coe,’” said Ali Cohane, who is partners in the venture with her husband, Kevin Cohane, and chef Ben Westenburg.

The menu will “embrace snow-line latitudes,” featuring regional takes on mountain cuisines from around the world.

Lunch and dinner will be served five days a week, with brunch on Saturdays and Sundays. Coelette will be closed Tuesdays and Wednesdays.

“It’s not that easy to launch a restaurant amid COVID in the busiest season when everybody’s working,” Ali Cohane said.

Colette will offer outside seating on the patio and a new rooftop deck as well as inside.

— Jennifer Dorsey

Eds. Note: This was amended to correct the spelling of Coelette.

Kate’s Real Food to move production

Kate’s Real Food will close its Victor, Idaho, energy bar plant and make all its bars in Pennsylvania, but owner Kate Schade says her headquarters will remain in the area.

Economy of scale and the difficulty finding employees in Idaho were the reasons for the move. Kate’s Real Food had already begun some of its manufacturing at a plant in Bedford, Pennsylvania, more than a year ago.

Splitting production “doesn’t make sense economically for us, and to be able to grow the plant efficiently, it’s what we needed to do,” Schade said last week. “It’s a pretty normal industry thing.”

The longtime Jackson and Victor resident said she’s committed to keeping the headquarters of her operation in this area, and to “serve the community in Jackson Hole and Teton Valley.”

Schade first made her signature Tram Bars for herself at home, then for friends, then in space at Nora’s restaurant in Wilson. The company made the transition to full-time business in 2010 and to Victor the following year. Since then she added as her partner and CEO Bruce Thaler, a Pennsylvania native who invested in Kate’s and spearheaded its first foray into manufacturing back east in 2018.

The 20,000-square-foot Pennsylvania factory will employ up to 30 people and be able to produce up to 12 million Tram Bars a year as the business grows, far beyond the 1 million a year that’s been produced in recent years.

The Victor factory is likely to close within a month, perhaps a bit further off than that, Schade said. It has employed as many as a dozen people. Schade’s Victor headquarters operation, including her test kitchen and her sales and customer service crew, is usually five people. It will stay in place, though Schade is interested in moving back over the pass to Jackson.

Even with the economic incentive, Schade said, she wouldn’t have moved manufacturing if she hadn’t been sure the bars she invented 25 years ago would meet her standards.

“I don’t want the quality of the bars to change at all,” she said. “I want them to be the same as how I originally made them, I want to keep the homemade fresh taste ... exactly how I like them.”

Tram Bars are available at groceries and sports shops around the Rockies and in some other places through contracts with smaller grocery chains. They are also sold by REI and will show up in mid-July at about 600 Walmarts and in August at Whole Foods in the mid-Atlantic region.

— Mark Huffman

Auction to sell Prince Place mansion

An 11,500-square-foot house with its own backyard golfing will be auctioned July 28 by Concierge Auctions in a no reserve offering.

The property, 40 acres on North Prince Place, west of Jackson Hole Golf and Tennis, has been on the market for nearly two years. It’s been recently advertised at $24.5 million.

Jackson Hole Sotheby’s International Realty associate broker Ed Liebzeit has the listing on the place, which he called “40 acres of paradise.”

“This is an exceptional property in total,” Liebzeit said last week. “The home itself is a unique custom design, a modern contemporary home built when most of Jackson Hole was building log homes.”

The house was built by Bancroft Construction in 1993 from a design by Jackson architect Tom Ward. It has four bedrooms, four bathrooms and two half baths. The many glass walls have views of the Tetons, Jackson Hole Mountain Resort and the Sleeping Indian. Included is a guest wing with separate entrance, a fitness center, a home theater, a three-car garage, and a variety of decks. The golfing is a green and practice area with and bunkers and three tee boxes.

“It’s a lovely home and built to highest-quality standards,” Liebzeit said, “with spring creeks flowing through the property, spawning cutthroat trout in the creeks, wonderful walking paths.”

County records show the property is owned by Bill Newton, a longtime Jackson resident and philanthropist.

Bidders must put up a $100,000 deposit that will be returned if their bid fails or applied to the cost of the house if they win.

Liebzeit can be reached at Sotheby’s office in Jackson at 413-1618.

Details about the property and bidding can be found by searching “Concierge Auctions, 5300 North Prince Place.”

— Mark Huffman

500-plus businesses seek relief funds

More than 500 small businesses in Teton County have applied to the Wyoming Business Council for COVID-19 relief funds.

Statewide, 4,211 applications totaling $104.6 million have been submitted since June 8 for the formally named Wyoming Business Interruption Stipends. The application period ended Thursday.

Businesses with fewer than 50 employees are eligible for up to $50,000. The original pot was $50 million. Gov. Mark Gordon recently doubled that and his office is working with the Wyoming Business Council, which is administering the program, to add more money so all eligible requests can be paid.

The stipends are one of three COVID-19 business relief programs created by the Wyoming Legislature in May to distribute $325 million in federal Coronavirus Aid, Relief and Economic Security Act money.

More than 90% of applications came from businesses with 10 or fewer employees, the Business Council said Friday in a press release.

Final numbers aren’t in yet. But so far businesses in Natrona County have submitted 548 applications, the highest number. Teton County follows with 528.

In mid-July the council plans to start taking applications for relief grants from nonprofits and businesses with 100 or fewer employees.

— Jennifer Dorsey

Big PPP recipients disclosed by feds

Snow King Mountain Resort, the Presbyterian Church of Jackson Hole, the Jackson Hole Classical Academy and the Community Foundation of Jackson Hole are among the recipients of Paycheck Protection Program loans of $150,000 or more, according to a list released by the U.S. Small Business Administration.

PPP loans are a COVID-19 financial relief option created by Congress this past spring to help businesses and nonprofits keep employees on their payroll. The loans are forgivable, meaning recipients don’t have to repay them if they follow certain rules. The SBA administers the program, but banks issue the loans.

The SBA disclosed the names of 660,000 recipients in response to a Freedom of Information Act lawsuit by news organizations.

Not everyone who received a PPP loan was identified. Details are provided only for five sizes of payments, starting with loans of $150,000 to $350,000 and up to loans of $5 million to $10 million.

Those five categories account for nearly 75% of loan dollars approved, the Treasury Department said. Loans for amounts under $150,000 were not named.

“Today’s release of loan data strikes the appropriate balance of providing the American people with transparency, while protecting sensitive payroll and personal income information of small businesses, sole proprietors and independent contractors,” the Treasury Department said.

The list reveals the significant flow of aid to Jackson Hole’s economy, including nonprofit and business sectors.

Habitat for Humanity, the Jackson Hole Land Trust, the Senior Center of Jackson Hole, Dancers’ Workshop, the Jackson Hole Ski and Snowboard Club, the Jackson Hole Community Counseling Center, the Curran-Seeley Foundation and the Community Foundation of Jackson Hole are among the nonprofits on the list, for example.

Businesses include New West Companies, Grand Targhee Resort, Fine Dining Restaurant Group, Silver Dollar Inc. (parent of The Wort Hotel and the Million Dollar Cowboy Bar), Teton Gravity Research, Hotel Jackson, the Anvil Hotel, Jenny Lake Boating and Teton Media Works, which is the parent company of the Jackson Hole News&Guide, the Jackson Hole Daily and Hole Scroll, among other publications.

The Jackson Hole Community School, Teton Science Schools and the Children’s Learning Center are also named.

Those aren’t the only local recipients. To see complete list, start at TinyURL.com/yagpwvth.

— Jennifer Dorsey

E-commerce webinar set

The Wyoming Women’s Business Center will host a free webinar from noon to 1 p.m. Thursday on “Best Practices for a Successful Ecommerce Website.”

To register go to TinyURL.com/y7gm3wa6.

Energy grants available

The newly launched Wyoming Energy Authority is now handling federal funds grants for businesses looking to reduce energy costs and improve efficiency.

Applications for Small Business Energy Audits/Retrofits grants are due Aug. 28. Info and online applications are available at WyoEnergy.org.

Grants can be used to complete an energy audit and the program’s approved retrofits. The maximum grant is $5,000, and a 25% cash match is required.

The State Energy Program, which aims to reduce energy consumption in Wyoming, used to be under the wing of the Wyoming Business Council, the state’s economic development agency.

The state Legislature created the Wyoming Energy Authority this year by merging the Wyoming Infrastructure Authority and the Wyoming Pipeline Authority.

— Staff report

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