EDC makes final allotment to 38 Studios

THE R.I. Economic Development Corporation made the final allotment of its $75 million loan guaranty to video game company 38 Studios LLC.
THE R.I. Economic Development Corporation made the final allotment of its $75 million loan guaranty to video game company 38 Studios LLC.
PROVIDENCE – The R.I. Economic Development Corporation made the final allotment of its $75 million loan guaranty to video game company 38 Studios LLC. The $1.58 million was released on Nov. 8 for creating an additional 125 jobs. The company has received funds based on milestones, such as relocating to downtown Providence - which it…

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