38 Studios Relocates Ahead of Schedule
Saturday, April 09, 2011
"38 Studios continues to meet or exceed agreed upon job creation and relocation milestones," said Rhode Island Economic Development Corporation (RIEDC) executive director Keith Stokes. "We welcome them to Rhode Island and look forward to the company's growth and success in our state."
Company management said that the move from Maynard, MA will be completed over the weekend — in time for 160 employees to begin work on Tuesday, April 12. In accordance with a loan guarantee agreement with the RIEDC, 38 Studios is required to bring 450 high-skilled, high-wage jobs to the state —125 by November of this year.
"We anticipate contributing to the tremendous corporate citizenship efforts of Rhode Island's business community," said 38 Studios CEO Jen MacLean. "Located in the heart of the capital city and surrounded by leading colleges and universities and a strong arts community, I am confident that 38 Studios will serve as a benchmark for growth in the interactive entertainment and digital media industry."
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Comments:
Natasha Betenoff
2:28pm on Saturday, April 09, 2011
Really Keith...because a quick search on Monster shows just 3 jobs posted for Studio 38 (which makes one wonder if they will really hire 125 in 5 months)....And they still have no released products and no revenues.
Edward Rivers
10:49am on Sunday, April 10, 2011
Why is this news? Because they can move into office space? Who cares? What are the exact job numbers to date? Why wait until November to report? Why not keep a visible running total? It is, after all, OUR money!
Oh, and by the way, SUPER job with the America's Cup, Keith. Another swing and a miss!
Edward Rivers
10:50am on Sunday, April 10, 2011
and the images on Shilling's monitors are photoshopped in. beautiful.