The company, which moved from Massachusetts to Rhode Island in 2010 in exchange for $75 million in guaranteed loans, started to get headlines earlier this month after it missed a $1.1 million loan payment to the state. While it later made the payment, it was reportedly having trouble making payroll. Schilling has asked Rhode Island for more money, but the state has refused.
"There's no more easy money," Governor Lincoln Chafee said at a press conference last Friday.
According to the Globe, the Providence-based company had close to 400 employees.