More bad news for R.I. Economic Development Corporation (EDC). The company has been struggling ever since its $75 million taxpayer-guaranteed loan to Curt Schilling's 38 Studios took a wrong turn. Schilling's company went bankrupt since last June.
University of Rhode Island President David Dooley and two local business leaders, Jack Templin and Cheryl Watkins Snead have already briefed Gov. Lincoln Chafee they no longer wish to serve on the EDC board.
Federal Programs Related to - Community Development, General/Other
Programs that focus broadly on strengthening, unifying and building the economic, cultural, educational and social services of a community or neighborhood and improving the quality of life for all. Community Building; Community Capacity Building; Community Development and Improvement; Community Development Block Grants; Healthy Communities Community Economic Development Programs that provide technical assistance and funds to help communities retain and recycle income within the community by investing in the development of local institutions and businesses. Business Growth; Business Loans; Economic Growth; Economic Transformation; Real Estate Organizations; Socioeconomic Development; Technology Transfer; Transfer of Technology; Urban Enterprise Zones