'Bathroom Bill' to cost North Carolina $3.7 billion by 2028
- Author: Larry Hoffman Mar 30, 2017,
Mar 30, 2017, 17:21
But a recent AP analysis reveals just how devastating of an impact the law has had on the states economy. Much like similar measures that ignited firestorms in Arizona and in, the bill would allow in residents a judicial right action if they feel state and local governments are infringing on their religious liberties.
The AP analysis only included a company or project as part of the total figure if it could be conclusively determined that the bathroom bill was why it was pulled from the state.
The AP noted, as one example, that it left out the potential effect of Lionsgate television production pulling out of Charlotte, because it just didn't have enough data to add up the economic impact.
The financial losses are predicted to come from the concerts and events, as well as businesses, pulling out of the state in protest of the law.
The Boss, playing in a city that is not in North Carolina. But they said Cooper had backed out of the offer minutes before the news conference. What convention made a decision to take you off the list? "What location for a distribution facility took you off the list?" he said. "That's what eats you up".
All told, the state will have missed out on more than $3.76 billion by the end of 2028. By quarterly gross domestic product, the federal government said, North Carolina had the nation's 10th fastest-growing economy six months after the law passed.
While North Carolina's GOP has promised that its "bathroom bill" wouldn't hurt the state's revenue, it's proving to be the opposite.
Shortly after he signed the legislation, then-Gov.
House and Senate leaders announced late Tuesday that Republicans are willing to agree "in principle" to House Bill 2 changes they say were proposed last week by Gov. Roy Cooper - but the Democratic governor says there are "still issues to be worked out".
Lt. Gov. Dan Forest, a Republican and vocal supporter of HB2, sent a letter to legislators this week urging them to oppose any changes to the law - including the measure Republicans are considering, which he said has "fatal flaws".
Forest declined an interview request to discuss AP's analysis before its publication.
Over the previous year since the law was enacted, North Carolina has lost several major events and planned business expansions, including a new PayPal facility that would have brought in an estimated $2.66 billion to the economy.
"That means fewer jobs and less money in the pockets of middle-class families", Cooper tweeted in response to the report. "We're going to move at a pace that we need to", he said.
But the AP's findings show the economy could be even stronger if it wasn't for HB2.
Meanwhile, there's been another economic casualty due to the bathroom bill: North Carolina's former governor Pat McCrory is having trouble finding work in the private sector because it's his signature that made H.B.
"I think it stinks", Jackson said.
Be proactive - Use the "Flag as Inappropriate" link at the upper right corner of each comment to let us know of abusive posts. Still, the failure earlier in the evening marked another moment of partisan enmity between the executive and legislative branches over what to do about HB2.
That cost comes in lost business. The Deutsche Bank refused to bring 250 more jobs to North Carolina.