When the R.I. Economic Development Corporation finally emerges from the turmoil surrounding its $75 million loan guarantee to Curt Schilling’s 38 Studios LLC, the quasi-state agency in charge of growing business activity in the state may be unrecognizable. more

“It looks like the EDC got it right this time.” more

Former Red Sox pitcher Curt Schilling has filed court documents asking R.I. Superior Court Judge Michael Silverstein to throw out the state of Rhode Island’s lawsuit against him and others at now-defunct videogame company 38 Studios LLC, reported The Boston Globe. more

The bloodstained sock worn by former Boston Red Sox pitcher Curt Schilling during the 2004 World Series will be put up for sale next month and may bring in at least $100,000, auction organizers said. more

Business incentives and tax breaks were in the spotlight in the past year and will almost certainly be again in 2013. more

Gov. Lincoln D. Chafee’s latest idea for repairing the Rhode Island economy may be his most controversial. more

PROVIDENCE – Beleaguered video game company 38 Studios LLC last week declared Chapter 7 bankruptcy, as a formal investigation of the company began. more

Compiling the list of those hurt by the implosion of 38 Studios LLC is easy. more

The New York Times published an excellent account of how Curt Schilling bilked the taxpayers of Rhode Island out of millions of dollars to subsidize his now-defunct company, 38 Studios LLC. Unfortunately, there was something missing from the story: Schilling himself, who declined to speak to the reporter. more

One of the most important goals that former R.I. Economic Development Corporation Executive Director Keith W. Stokes set when he took the job in early 2010 was the need to measure the results that the state’s various economic-development programs were producing. The lack of any such controls was exposed by a two-part series in Providence Business News in June 2010 that documented how little the state knew about the companies it had supported through the federally funded Small Business Loan Fund and its related microloan fund. Despite federal reporting requirements, the state had no idea how many jobs the recipient companies currently had. In addition, the failure rate of the loans was double that of similar commercial loans made by banks. more