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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CLIENT SPOTLIGHT: Luca + Danni

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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        Senate Approves Additional Funding for CARES Act Program

        On April 21, 2020, the U.S. Senate passed a bill that would amend the Coronavirus Aid, Relief and Economic Security Act (CARES Act) by providing approximately $480 billion in additional funding to combat COVID-19.

        The new relief package authorizes $310 billion to replenish the Small Business Administration’s (SBA) Paycheck Protection Program (PPP), which exhausted all funds made available to it under the original CARES Act. The PPP offers loans to small businesses that have been affected by COVID-19 and incentivizes loan recipients to keep employees on their payrolls through loan forgiveness. The relief package sets aside $60 billion of the new funding for smaller depository institutions and credit unions. Half of this amount would be reserved for banks and credit unions with consolidated assets of between $10 and $50 billion, and the other half would be reserved for institutions with less than $10 billion of consolidated assets as well as community financial institutions.

        The bill also doubles the appropriations for the Emergency Economic Injury Disaster Loan (EIDL) grant program under the CARES Act by funding an additional $10 billion for the program. Under the EIDL program, the SBA makes direct loans to small businesses and is also authorized to make advance grants of up to $10,000 per applicant, which need not be repaid even if the business is ultimately denied a loan. The new relief package would also expand the program by making agricultural enterprises with 500 or less employees eligible for EIDL funds. In addition to the $10 billion for advance grants, the bill would also make available $50 billion for disaster loans and would also fund $2.1 billion in salaries and expenses for the SBA to respond to COVID-19 through next fiscal year.

        The package authorizes $75 billion for health care providers to diagnose, test and care for those with COVID-19 by, for example, building or retrofitting facilities, purchasing personal protective equipment, and expanding their workforce. Health care providers will be required to apply to the U.S. Department of Health and Human Services for this funding.

        The bill would also appropriate $25 billion for testing for active infection and prior exposure to COVID-19. Of these funds, $11 billion would be reserved for States, localities and tribes or tribal organizations.

        The U.S. House of Representative is expected to vote on the new relief package on Thursday April 23, 2020.

        The Business Law Group at Partridge Snow & Hahn is ready to answer questions regarding the CARES Act and the new proposed relief package. For additional information and resources visit the firm’s COVID-19 Advisory Group page.
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        For current information and resources visit our COVID-19 Advisory Group page