this week's poll

What should the state do about 38 Studios?

Posted 5/20/12

The revelation that 38 Studios LLC – the company that former Boston Red Sox pitcher Curt Schilling created to produce video games – missed a payment to the state that was part of its deal to receive a loan guarantee for $75 million has created a firestorm.

The original deal, negotiated with Gov. Donald L. Carcieri in his last year in office, was the subject of much discussion during the 2010 gubernatorial race, with candidate Lincoln D. Chafee saying he opposed it.

When Carcieri and 38 Studios closed the deal before Chafee became governor in 2011, Chafee said that he would support the company, if for no other reason than the state was on the hook for its success.

After a weekend of meetings and an emergency session with the R.I. Economic Development Corporation board, the state and the company have not come to any agreement about what to do about the current cash crunch the company seems to be experiencing (few details about the issue have been revealed).

What do you think the state should do about the company?

Calendar
PBN Hosted
Events

DEADLINE EXTENDED to Friday, October 3rd for applications for the 14th Annual Business Excellence Awards Program. And save the date for the Awards Dinner - November 12th at the Providence Marriott.
Advertisement
Purchase Data
Book of Lists
Lists
Book of Lists cover
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.
Data icons
Data can be purchased as single lists, in either Excel or PDF format; the entire database of the published book, in Excel format; or a printed copy of the Book of Lists.
  • Purchase an e-File of a single list
  •  
  • Purchase an e-File of the entire Book of Lists database
  •  
  • Purchase a printed copy of the Book of Lists
  •  
    National
    Local
    Latest News
    Advertisement