According to the Boston Globe the Rhode Island’s Economic Development Corporation today approved a $75 million loan guarantee to 38 Studios and as a result the company will be moving to Rhode Island. In my mind this is very good news as it ensures that 38 Studios will have the funds needed to complete both the newly announced RPG game Kingdoms of Amalur: Reckoning as well as the mmorpg, code named Copernicus that has been in development since the company was founded. I think this is a win for 38 Studios and for the state of Rhode Island.
Former Red Sox pitcher Curt Schilling is moving his videogame company 38 Studios, based in Maynard, from Massachusetts to Rhode Island. The deal will bring Schilling’s company a $75 million loan guarantee backed by that state.“I’ve invested a significant amount of my life’s earnings in 38 Studios,” said Schilling, “and I will protect the loan guarantee that’s been given by the state with the same passion and interest that I’m protecting my own investment in this company.”
Rhode Island’s Economic Development Corporation today approved a $75 million loan guarantee to Schilling’s company.