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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        Getting Ready To Run

        PS&H Counsel René Moniz, who is based in the firm’s New Bedford office, is quoted in the January 2020 issue of The South Coast Insider, in their article on the South Coast Business Alliance and the popular program for young girls, Girls on the Run. René serves as Vice President of the South Coast Business Alliance, a non-profit organization that focuses on creating and supporting opportunities for the disadvantaged and at-risk youth in the New Bedford community.

        In mid-November, 15 girls from the Elizabeth Carter Brooks Elementary School in New Bedford traveled to City Park in Warwick, R.I., to join hundreds of other girls, all gathered to participate in a five-kilometer run sponsored by Girls on the Run. The New Bedford group had been training for the last ten weeks, staying after school for coaching in running while at the same time learning skills in leadership, responsibility and working together.

        Through its different programs for girls in grades three-to-five and six-to-eight, Girls on the Run teaches empowerment partially through physical training but also by encouraging healthy habits for life.

        Talking about the program, René said, “Our hope is through awareness of Girls on the Run, we are able to bring this program to other schools throughout the district. There is a waiting list at E.C. Brooks to participate in the program, so we know there is a need and demand for it.”

        To access the January 2020 issue of The South Coast Insider (including the article on page 16), please click here. To learn more about Girls on the Run, click here.