Breaking News: Block Opposes Schilling Deal
Tuesday, July 27, 2010
"The 38 Studios decision is a mistake," Block said. "This is typical recycled politician thinking focused on short term planning, and it doesn't work. You can't fix the economy with silver-bullet solutions. $75 million could go a long way to help many small businesses here in Rhode Island, and we can't afford to set aside such a large sum of money for specific inducements to special companies. Instead of putting our eggs all in one basket, our priorities should be on real, long term solutions."
Last night, the EDC voted to give Schilling's company $75 million in loan guarantees in a bid to get him to move his company from Massachusetts to Rhode Island. The EDC has said that Schilling will bring more than 400 jobs to the Ocean State.
- Chafee blasts Schilling Deal on DePetro show
- RI Economic Development Corporation: $75 million for Schilling
- Playing Hardball: Mass. Tries to Keep Schilling Company
- Rhode Island set to sign Schilling to a deal?