Keith Stokes, the executive director of the state Economic Development Corporation, resigned yesterday during the emergency meeting concerning the 38 Studios guaranteed loan debacle.
In a post this morning, RI Future predicted this would happen.
Here’s the statement from Governor Chafee:
Yesterday, Keith Stokes offered his resignation as Executive Director of the Rhode Island Economic Development Corporation (RIEDC), which I accepted.
I thank Keith for his service to Rhode Island, not only at the helm of the EDC, but also as a former Board member of that agency and as the long-time Executive Director of the Newport County Chamber of Commerce.
Keith is committed to seeing Rhode Island succeed and I am confident that he will continue to be very involved in the state he loves.
Carcieri should be prosecuted for abuse of office. Fozx and Paiva-Weed should resign immediately. Stokes is the only one acting honorably in response to his mistake. I hope the Assembly doesn’t make this mistake again and give Shilling the film credit tax breaks he’s now seeking. that would add insult to the deep injury of $102 million wasted tax payer dollars.
Will there be accountability for the rest of the EDC members who voted for and furthered their careers on this debacle? Or will we just get some political nonsense about how they were all misled?
Looks like the EDC lives on. On to the next bad gamble with public funds.