If proposed changes by the state's Economic Development Corporation are adopted, no other company will be eligible for the size of the loan guarantee -- $75 million -- that Curt Schilling's video-game company received last year amid much controversy.

The EDC is now seeking to cap the total guarantee amount that any particular project can receive at $10 million.

Additionally, the EDC is working to finalize a new program that Governor Chafee lauded in March when the federal administrator of the U.S. Small Business Administration visited Rhode Island. That program would allow small businesses in the state who are getting SBA-backed loans from commercial lenders to access $5 million for additional backing from the same loan-guarantee fund that backed Schilling's 38 Studios.

Full Story: EDC seeks changes to jobs program that helped 38 Studios Source: Providence Journal, May 25th, 2011 Author: Kate Bramson Added on May 25th, 2011 at 9:34 am, by Muse en Lystrala