CLIENT SPOTLIGHT: Factory Five Racing

Factory Five Racing was founded in 1995. Over the years they have grown from a start-up business in a small garage to become the world's largest manufacturer of "build-it-yourself" component car kits. They employ a full-time crew of about 40 people, and are located in Wareham, Massachusetts (about an hour south of Boston). They make their products right here in the USA, in the heart of New England where American manufacturing was born.
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Fred and Danny Magnanimi grew up watching their father create beautiful, handcrafted jewelry in the family's Cranston, RI jewelry manufacturing business. When the boys grew up, Fred moved to New York and began working on Wall Street as an investment banker, while younger brother Danny, still enamored by the family business, stayed home. Increased competition from overseas businesses created significant challenges for the business, but Danny was confident he could find a way for the family business to evolve and thrive. This was his mission, this was his passion.
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        RI DEM Announces $3 Million In Brownfields Funding Now Available

        The Rhode Island Department of Environmental Management (DEM) announced today that $3 million is available in new funding opportunities for the cleanup and redevelopment of contaminated properties all across Rhode Island, known as brownfields.  Primary funding for the grants include $2 million from the 2018 Green Economy Bond, which was passed by more than 79 percent of RI voters. The remaining $1 million comes from savings realized from previous rounds of grants. 

        The RFP is now open with an application deadline of 4:00 pm on Friday, September 18, 2020.  Government, private, and community agencies are eligible to apply. Project selection will be determined on a competitive basis. Electronic submissions are required, hard copies will not be accepted. The application form is available at  Click here for the full Announcement of Request for Proposals (RFP) for the 2020 Brownfields Remediation and Economic Development Fund.

        The full press release from the Rhode Island Department of Environmental Management can be viewed here. For more information on DEM programs and initiatives, visit

        PS&H counsel Christian Capizzo of the firm's Land Use & Environmental Law Group is ready to answer questions that you may have regarding how to apply for this new round of grant funding for redevelopment projects.