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Rhode Island taxpayers placed a huge bet last week that a big-name athlete can win on a new playing field and reinvigorate Rhode Island’s fading economy.

State leaders committed to back former Red Sox pitching ace Curt Schilling’s plan to bring a video-game company here from Massachusetts, hoping to lay the foundation for a technology industry that underpins the Rhode Island job market for years to come.

The state made the $75 million loan guarantee as its unemployment rate stands at 12 percent and government officials search for loose change in the seat cushions of their office chairs to pay the bills.

To read the full, original article click on this link: Rhode Island looks to lure digital media companies with 38 Studios deal | [an error occurred while processing this directive]

Author: Paul Grimaldi and pHIL MARCELO