According to CNN Money, North Carolina stands to lose almost 400 jobs from PayPal, who pulled their call center from the proposed plan to move their global operations center to Charlotte.

“PayPal has canceled its plans to open a new global operations center in Charlotte, following passage of a North Carolina law that prevents cities from creating non-discrimination policies based on gender identity.
The measure also mandates that students in state schools use the bathroom that corresponds with their gender when they were born.
On March 23, North Carolina, in an emergency session, passed the controversial Public Facilities Privacy & Security Act.” (CNN Money)

CAP: HB2 Threatens More Than Half Billion Dollars In Economic Activity.

According to a report from the Center for American Progress based on publicly available estimates of the economic impact of lost or at-risk business activity or events, the North Carolina economy could potentially lose out on more than $568 million in private-sector economic activity through 2018. According to the report, the state has already lost out on $86 million and stands to lose upwards of an additional $481 million due to cancelled events, businesses leaving the area, and tourism declines if HB2 is not repealed. [The Center for American Progress, 4/13/2016]

Charlotte tourism sources told anchor Scott Wickersham on Friday that four groups canceled conventions because of HB2.
Nine were in talks but sources said they decided not to come to Charlotte.

Almost 30 more are on the fence because of HB2.

For those four confirmed events, there would’ve been more than 1,100 nights booked at hotels.

For the groups considering, that would have been more than 1,200 rooms booked and for the hesitant groups that’s nearly 90,000 rooms now hanging in the balance. [WSOCTV.com, 4/11/16]

 

 

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