Economy
6:19 am
Thu September 23, 2010

Stokes won't weigh in on his future at the EDC

PROVIDENCE, R.I. – The head of the state Economic Development Corporation won't say whether he hopes to stay in the job when the next governor takes office.

The EDC has remained in the spotlight because of a controversial $75 million state loan guarantee for video game maker 38 studios. EDC head Keith Stokes took his job on a one-year basis last January. He says he hasn't given much thought to whether he'll stay on in the next administration.

"It's hard to say," Stokes says. "I mean, I've been on the job seven months. If this was dog years, it feels like seven years. It's been a challenge. It's been a challenge because it's an election year. It's a challenge because people have every right to be critical of government."

Despite ongoing criticism of the 38 studios deal, stokes says the EDC is moving forward. He says the agency is reviewing loan requests from seven companies with the potential for adding jobs. Stokes says that loan fund didn't exist six months ago.