CLIENT SPOTLIGHT: Grillo's Pickles

If you haven't been to the Grillo's Pickles website, you should. There, you'll find the fantastic story of how this company began. We've copied part of it here to save you a click.

Grillo's Pickles began with a pickle cart, just a small wooden stand in downtown Boston, where Travis Grillo and his friends would sell two spears for one dollar. Travis would make the pickles by night using his family's 100-year old recipe - one he'd memorized from making pickles every summer as a kid. In the morning, Travis would bike to the Boston Common and set up the cart with his buddies. They'd hang out all day, urging people to try the simple Grillo family pickle. It was a small business but Travis worked hard for it. He made more pickles, biked more miles, and slept less hours than he ever had before.
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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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        Legislative Gridlock Anticipated to Impact Regulatory Relief for Banking Industry

        PS&H partner Chris Currier, Chair of the Commercial Lending Practice Group, provided comment to Banker & Tradesman on the anticipated gridlock following the 2018 mid-term elections. Chris provided the legal perspective and Jon Skarin, executive vice president at the Massachusetts Bankers Association, shared their concerns that while regulatory relief for the banking industry would likely be limited, opportunities exist for the parties to come together on issues including housing, marijuana banking policy, and reform of anti-money laundering rules.

        In the article, Chris noted that the “appetite between now and 2020 to make any major changes won’t be there. Congress may nibble around the edges and focus on things like housing and that nature, which would be a win-win for both parties.” Chris also said we can expect to see a lot of “political theater” from both sides over the next two years.

        Although there was agreement that regulatory relief is a long way off, incremental changes are possible.

        “The president still sets policy on what agencies are tasked to do,” Chris said.” The House Financial Services Committee “can’t do anything against the president’s policy. However, [Waters] can certainly shine a spotlight on what the agency is doing through hearings and a lot of attention.”

        Click here to read the full article. (Subscription required)