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Issue Position: The Curt Schilling Deal

Issue Position

Location: Unknown

I am extremely disappointed by the decision of the Economic Development Corporation, EDC, to guarantee a $75 million loan for Curt Schilling's 38 Studios. The Rhode Island law that authorizes EDC loan guarantees to facilitate job growth must be tightened to require greater fiscal responsibility. Sixty percent of the total loan guarantee program should not be gambled on any one company, particularly a company that has neither product nor track record.

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