The day after Curt Schilling's video game company 38 Studios laid off all of its 400 employees, Rhode Island Gov. Lincoln Chafee is trying to figure out what, if anything, the state can do to save the company.
“We all know we’re in for tens of millions of dollars,” Chafee said Thursday. “We all want the company to succeed. Every Rhode Island taxpayer would prefer to see that happen. Acting on their behalf we just have to have that confidence.”
38 Studios moved to Rhode Island from Massachusetts after the state offered it $75 million worth of taxpayer-backed loan guarantees. Last week, news broke that the company was late in making a $1.1 million payment to the state.
Since then, two officials from Rhode Island's Economic Development Corp., the state agency that handed out the loan guarantee, have resigned.
Scott MacKay, a reporter for Rhode Island Public Radio, has been covering the story in Providence. He joined Radio Boston to discuss the latest developments and the future of 38 Studios in Rhode Island.
- Scott MacKay, reporter WRNI
This segment aired on May 25, 2012.