Subsidy Tracker Individual Entry
video-game development company offices
The value of the subsidy package and the job and wage projections are taken from: Andy Smith, "R.I.'s pitch to get in the game," Providence Journal, July 15, 2010. The information on the company's bankruptcy is taken from: Ken Sweet, "38 Studios: Broke Rhode Island now owns a video game company," CNN Wire, May 28, 2012.
The subsidy package was assembled for the relocation of 38 Studios from Massachusetts to Rhode Island and included $75 million in loan guarantees. In 2012, the company--founded by former major league pitcher Curt Schilling--went bankrupt and left the state on the hook for more than $100 million (including interests and fees). Overlaps with main Subsidy Tracker data: none.