Stokes Resigns Over 38 Studios Deal

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.