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38 Studios Skips Payroll, Can't Pay State
Update: The check 38 Studios hand delivered to the state bounced this afternoon. According to WPRI, the EDC will still accept the overdue $1.125 million payment if 38 Studios can find a way to come up with the money.
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The situation at 38 Studios is getting worse. The studio is reportedly paying the overdue $1.25 million it owes the R.I. Economic Development Corporation, but did not make payroll this week.
Judy Chong, a spokesperson for the EDC, confirmed the news to WPRI today. 38 Studios employed 379 full-time employees as of March 15, including 288 in Rhode Island, the report says.
Owner Curt Schilling met with state officials earlier this week to seek additional help. No decision was made. The parties will meet again on Monday.
[Source: WPRI]
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