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Former 38 Studios CEO to run Ovuline business development
Jen MacLean, the former CEO of now-defunct 38 Studios LLC, has been tapped as the head of business development for Cambridge, Mass.-based startup Ovuline, reported Boston.com more
| 1/25/13
EDC leadership role in doubt after damning report
The driving force behind the privatization of the R.I. Economic Development Corporation in 1995 was a desire to separate the Ocean State’s volatile and corruption-prone politics from efforts to grow its economy. more

By Patrick Anderson
PBN Staff Writer | 10/1/12

Judge rules Providence pension settlement fair
Superior Court Associate Justice Sarah Taft-Carter has issued a ruling that Providence’s pension settlement is “fair, reasonable and adequate,” according to a statement released today by Providence Mayor Angel Taveras. more
| 3/11/13
Death of a firm can breathe life into others at auction
SJ Corio Co. President Salvatore Corio Jr. has been running liquidation auctions in Rhode Island since 1983, so when he took on the 38 Studios LLC bankruptcy sale, he knew he was in for a big job. With over 2,000 lots on the block, selling everything in one session while maximizing returns for taxpayers would take speed and endurance. Over a nearly uninterrupted 10 hours of bidding, the auction recovered $650,000 for the state as Corio mixed his trademark blend of rapid-fire humor with salesmanship. More than once, he asked for a bid of $75 million, the amount of the 38 Studios loan guarantee. more

By Patrick Anderson
PBN Staff Writer | 11/26/12

Roger Williams narrows search for home of new Prov. location
Roger Williams University leaders have narrowed their search for a new downtown Providence branch to five locations and hope to recommend one to trustees next month, school officials said Thursday. more
EDC role, leadership in doubt
When the R.I. Economic Development Corporation finally emerges from the turmoil surrounding its $75 million loan guarantee to Curt Schilling’s 38 Studios LLC, the quasi-state agency in charge of growing business activity in the state may be unrecognizable. more
Schilling seeks lawsuit dismissal
Former Red Sox pitcher Curt Schilling has filed court documents asking R.I. Superior Court Judge Michael Silverstein to throw out the state of Rhode Island’s lawsuit against him and others at now-defunct videogame company 38 Studios LLC, reported The Boston Globe. more
| 3/5/13
State must learn from 38 Studios’ fall
“It looks like the EDC got it right this time.” more
5/28/12
Schilling’s bloodstained 2004 World Series sock to be auctioned
The bloodstained sock worn by former Boston Red Sox pitcher Curt Schilling during the 2004 World Series will be put up for sale next month and may bring in at least $100,000, auction organizers said. more
Incentives face scrutiny in G.A.
Business incentives and tax breaks were in the spotlight in the past year and will almost certainly be again in 2013. more

By Patrick Anderson
PBN Staff Writer | 12/31/12

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