RI Economic Development
Tue March 5, 2013
Gov. Chafee: Having Trouble Filling EDC Board
Gov. Lincoln Chafee says he’s having some trouble getting people to serve on the board of the Rhode Island Economic Development Corporation. Seven of the 13 board seats are empty and the agency has no director.
Chafee says people he’s approached are reluctant to serve because of the high-profile nature of the troubled agency.
“There’s been some media scrutiny. People don’t want their pictures on the front page of the paper. When I call them they’d like to serve in government somewhere but they say ‘I’m going to be on the front page of the paper. There’s going to be a lot of scrutiny and what kind of business I run,’” says Chafee, “which is unfortunate because we had the captains of industry make the worst decision in the history of Rhode Island. That’s 38 Studios.”
38 Studios was the failed video gaming venture started by former Red Sox pitcher Curt Schilling. The state of Rhode Island loaned the company $75 million to lure it away from Massachusetts. The company went bankrupt less than two years later.
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