AP News

News Summary: Deal with Schilling focused on jobs

JOBS, JOBS, JOBS: The government deal that guaranteed a $75 million loan for baseball star Curt Schilling's video game company focused almost exclusively on how quickly the firm would bring jobs to Rhode Island and overlooked requirements for attracting outside investment or other steps that could have helped protect the public's money.

AGGRESSIVE PITCH: The state's agreement with 38 Studios in 2010 demanded job creation — and virtually nothing else — at a pace described as aggressive both by former employees and those familiar with the video game industry.

THE BACKGROUND: 38 Studios laid off its nearly 300 employees in Rhode Island in May and filed for bankruptcy protection in June.

Reviving Keynes
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