RI economic agency to meet on Schilling's company
Monday, May 21, 2012
PROVIDENCE, R.I. (AP) -- The board of Rhode Island's economic development agency will meet to discuss the finances of former Red Sox pitcher Curt Schilling's troubled video gaming company.
Schilling last week briefed the Economic Development Corp. board on 38 Studios' finances and asked for help to stay afloat. The board didn't act on that request. A spokeswoman said she didn't know if the board would take action Monday night.
38 Studios moved to Rhode Island from Massachusetts in 2010 after the state offered a $75 million loan guarantee that officials said would mean new jobs and tax revenue.
The company was more than two weeks late on a $1.1 million payment to the EDC and told officials it would not be able to make its payroll last week.
Schilling has declined to comment.