Wed, Feb 08, 2012

We previously wrote about how the State of Rhode Island offered a tax incentive for Maynard MA game developer 38 Studios to relocate to the Ocean State, and how the deal was causing some waves in both Rhode Island and Massachusetts.

Yesterday the Boston Globe reported that state treasurer (and coincidentally gubernatorial candidate) Frank Caprio wants credit agencies Moody's and Standard & Poor's to delay reviewing the project until a new governor can take office.

I wonder if Caprio's opposition to the deal is due to ignorance of the development cycles of the gaming industry - regardless of how well any 38 Studios title sells, the company will employ hundreds of local Rhode Islanders in well-paying technical jobs which the state sorely needs.


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Category: Public Policy

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