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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        Rhode Island Commerce Revises Eligibility Criteria for "Restore RI" Grant Program

        On September 21, 2020, Rhode Island Commerce revised the eligibility criteria for the Restore RI grant program to allow more small businesses to receive aid. The program provides grants of between $1,500 and $15,000 to small businesses impacted by the COVID-19 pandemic.

        Eligible businesses must have a physical location in Rhode Island and must have 50 or fewer full-time equivalent employees, an increase from the prior limit of 20 employees. Restaurants and caterers are not subject to the 50 FTE limit. Additionally, under the revised criteria, sole proprietors, businesses without employees and independent contractors (1099s) may now apply for grants. However, nonprofits and tax-exempt organizations are still not eligible.

        Grant amounts will increase based on the number of employees a business has and higher awards are available for businesses in severely impacted industries, including food service, accommodations, retail, arts, entertainment, recreation, personal care, photography, and travel.

        Businesses must demonstrate a drop in revenue of 30% or higher in a month between March and July of 2020 (compared to the same month in 2019, January 2020, or February 2020) due to COVID-19. Previously, businesses were required to demonstrate a 50% or higher drop in revenue unless they were in a severely impacted industry.

        All applicants will be required to submit their most recent business tax return (sole proprietors must provide schedule C), Business EIN/Tax ID, revenue/sales records, and DUNS number. Records of eligible expenses and information about state or federal funding previously received, including PPP, EIDL, Pandemic Unemployment Assistance, and Unemployment Insurance, must also be submitted. Owner information will also be required, including a government ID, SSN, and most recent tax returns.

        Applicants with employees and independent contractors will also need to complete the grant calculator, which is available on Rhode Island Commerce’s website, and submit federal or state payroll and 1099 records along with current bank statements for the business.

        Significantly, businesses that have already applied for a Restore RI grant do not need to resubmit an application and will be reconsidered under revised guidelines. Applicants that were previously denied a grant may contact Rhode Island Commerce through its website for reconsideration.

        Please contact David M. DiSegna at Partridge Snow & Hahn LLP if you have questions about the Restore RI grant program. For additional information and resources visit the firm’s COVID-19 Advisory Group page.

        For current information and resources visit our COVID-19 Advisory Group page