schilling curt katicap1 RI tries to lure Schilling game company from MA

Curt Schilling (AP file)

Rhode Island is moving forward with plans to bring to the state a gaming company founded by ex-baseball pitcher Curt Schilling.

The state Economic Development Corporation is offering a $75 million loan guarantee to 38 Studios, a game company currently located in Maynard, Mass.

The company says it could ultimately offer 400 jobs at an average salary of $70,000.

The EDC board met behind closed doors on Thursday to discuss terms and conditions of the agreement.

EDC executive director Keith Stokes would not discuss those terms after the meeting.

He acknowledged after the meeting that the investment was risky but no more so than having a double-digit unemployment rate in the state.

He said analysts had looked into the company and decided it was worthy of a loan guarantee.


Leave a Reply

Please log in using one of these methods to post your comment:

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s