RI Senate OKs bill to give EDC new name, new rules

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PROVIDENCE, R.I. (AP) — State lawmakers endorsed another plan designed to refashion Rhode Island’s Economic Development Corp. on Tuesday as questions and anger over the agency’s failed investment in 38 Studios continues to resonate in the Statehouse.

The Senate voted 31-3 to rechristen the EDC the Rhode Island Commerce Corp. The legislation would also require the creation of a new mission statement and code of ethics for the quasi-public agency.

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