Politics
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Pension Reform
1/7/12
Cuts in defense, Medicare could mean fewer jobs for R.I.
Rhode Island could lose up to $82 million and more than 3,000 jobs due to sequestration in defense and Medicare spending, respectively, according to reports released by the Center for Security Policy and the Hospital Association of Rhode Island. more
38 Studios declares bankruptcy as formal investigation begins
(Updated 6:00 p.m.) Former Red Sox pitcher Curt Schilling’s beleaguered video game company 38 Studios LLC has declared bankruptcy as a formal investigation of the company begins. more
| 6/7/12 | 1 comment
Chamber pulls out of EDC marketing deal
The Greater Providence Chamber of Commerce has pulled out of a planned partnership with the R.I. Economic Development Corporation to lure out-of-state, knowledge-based companies to … more
38 Studios claims state withheld funds from ‘negotiated deal’
Former Red Sox pitcher Curt Schilling’s bankrupt video game company, 38 Studios LLC, claimed that the state of Rhode Island refused to honor a “fully negotiated deal and agreement” to give the company funding from film tax credits, reported The Boston Globe. more
| 6/18/12 | 1 comment
Blue Cross, Steward square off on contract
A July 25 deadline set by the R.I. Attorney General’s office looms for Steward Health Care to close its deal to acquire Landmark Medical Center of Woonsocket and its sister facility, the Rehabilitation Hospital of Rhode Island in North Smithfield. more
R.I., EDC sue Schilling, Stokes and 12 others on 38 Studios
(Updated, 5:00 p.m.) The state and R.I. Economic Development Corporation sued 38 Studios LLC founder Curt Schilling and 13 other institutions or individuals connected with the failed $75 million loan guarantee to the video company for allegedly misleading state officials about the deal’s risks. more
Judge orders mediation for pension cases
Superior Court Associate Justice Sarah Taft-Carter has ordered the parties involved in the state pension reform litigation into mediation, the R.I. Judiciary announced Tuesday. more
| 12/18/12
RIPEC: Bring EDC under state control
The R.I. Economic Development Corporation, plagued by inefficiency and lack of direction, should be brought under direct control of the governor’s office and a new state commerce agency, the Rhode Island Public Expenditure Council recommended in a report on the quasi-state agency released Tuesday. more
The biggest R.I. stories of 2012
It has been an exciting, if tumultuous, year in the Ocean State. As 2012 comes to a close, Providence Business News looks back on the biggest news stories of the year. more
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