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The R.I. Economic Development Corporation has guaranteed a $1 million loan to eNow Inc., an expanding Providence company that makes solar power systems for trucks. more
A three-member “litigation subcommittee” was created by the R.I. Economic Development Corporation Board of Directors Monday night to oversee legal efforts to recover taxpayer funds lost from the failure of 38 Studios LLC. more
Former R.I. Economic Development Corporation Executive Director Keith W. Stokes has joined The Mayforth Group, the Providence-based consulting firm announced Wednesday. more
Texas public pensions said moving away from traditional defined-benefit plans wouldn’t shrink their unfunded liabilities, in contrast to money-saving steps to end lifetime guarantees by states from Rhode Island to Kansas. more
The driving force behind the privatization of the R.I. Economic Development Corporation in 1995 was a desire to separate the Ocean State’s volatile and corruption-prone politics from efforts to grow its economy. more
Rhode Island’s General Obligation Bond sale this week was a success and demand exceeded expectations, according to Gov. Lincoln D. Chafee and General Treasurer Gina M. Raimondo. more
Bargain hunters spent $180,000 scooping up office furnishings and video-game equipment formerly belonging to 38 Studios LLC at the company’s Maryland bankruptcy auction last week, the court-appointed receiver in the case announced Thursday. more
Assets from 38 Studios LLC’s Big Huge Games are being auctioned off today as part of the company’s bankruptcy. more
(Updated, 11 a.m.) Computers, chairs, a 5-foot battle hammer and everything else a $75 million state loan guarantee can buy is available today at 38 Studios’ Rhode Island bankruptcy auction. more
The Providence firefighters union has settled its two outstanding Medicare and pension lawsuits with the city, the union announced Thursday. more
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