HB2 to cost NC almost $4 billion over 12 years according to new AP report ahead of Richmond Federal Court hearing
About two months from a Richmond Federal Court hearing, a new Associated Press report shows North Carolina’s HB2, which forces trans people into the wrong bathroom and a limits city’s ability to add LGBTQ protections, could cost the Tar-heel State almost $4 billion over the next 12 years.
The report, published in the Charlotte Observer, comes as other Southern states try (and often fail) to pass similar legislation, and NC’s own legislature stumbles to repeal the law. Check out more from AP:
Over the past year, North Carolina has suffered financial hits ranging from scuttled plans for a PayPal facility that would have added an estimated $2.66 billion to the state’s economy to a canceled Ringo Starr concert that deprived a town’s amphitheater of about $33,000 in revenue. The blows have landed in the state’s biggest cities as well as towns surrounding its flagship university, and from the mountains to the coast.
North Carolina could lose hundreds of millions more because the NCAA is avoiding the state, usually a favored host. The group is set to announce sites for various championships through 2022, and North Carolina won’t be among them as long as the law is on the books. The NAACP also has initiated a national economic boycott.
You can examine the breakdown of their numbers here. Highlights include the lost impact from companies like Paypal ($2.66 billion), Deutsche Bank ($543 million)m, Voxpro ($52 million) Adidas ($67 million) and various sporting and entertainment events ($196 million). These numbers came from state reports, interviews, comparisons to impact reports from states where companies move to instead and public record requests.
Among those listed is Costar who has since setup shop here in RVA offering up to 700 jobs in the region via their downtown 5th street office.
Reaction from the local business community has been harsh. Shelly Green, CEO of the Durham Convention & Visitors Bureau, said the entire situation has become “a dumpster fire.”
“Nobody wants to go near it,” she said.
Bank of America CEO Brian Moynihan, who works out of the Charlotte headquarters, told AP he’s spoken to companies that have chosen to not come to the state and said they make the decision because NC has “an issue they don’t face anywhere else.”
“What’s going on that you don’t know about? What convention decided to take you off the list? What location for a distribution facility took you off the list? What corporate headquarters consideration for a foreign company — there’s a lot of them out there — just took you off the list because they just didn’t want to be bothered with the controversy? That’s what eats you up,” he told a World Affairs Council of Charlotte luncheon recently according to AP.
After former state AG Roy Cooper, a democrat, ran and beat Republican incumbent Pat McCrory, it was seen as a win for the repeal of HB2, however the conservative state legislature continues to work against repeal of the bill with half-assed attempts..
Other state legislatures, including here in Virginia, have submitted legislation similar to HB2 but most have failed or are facing failure in the face of economic damage done to NC.
An ACLU law suite filed last summer on behalf of a transgender state employee heads to Richmond’s Fourth District Court of appeals on May 10th. The complaint similarly relies on the Obama-era interpretation of Title IX which was rolled back by Trump’s Department of Education. That move stunted Gavin Grimm’s Virginia-based law suit ahead of a Supreme Court hearing and could put the NC case in limbo as well.
GayRVA has reached out to the NC ACLU for comment and will update this story when it becomes available.
Check out more from the AP on this story here.
“Moderate” GOP Gubernatorial candidate Ed Gillespie thinks Virginia needs an HB2-style bathroom bill
The Amherst County GOP Dinner this past weekend played host to the state’s three GOP gubernatorial candidates and while scientifically inaccurate answers could be expected from the two trailing candidates, the leading “moderate,” Ed Gillespie, shared a similarly base-less scare tactic against the trans community. “This isn’t about bathrooms alone,” Gillespie (top image) said in [...]April 3, 2017
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