Experts Say North Carolina’s Bathroom Bill Will Cost the State $3.67 Billion

Experts Say North Carolina’s Bathroom Bill Will Cost the State $3.67 Billion

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According to an analysis by the Associated Press, North Carolina’s anti-trans “bathroom bill” HB2 will cost the state over $3.67 billion in lost business over 12 years.

North Carolina’s transphobic law has hit the state in the wallet as businesses, celebrities and sports organizations vowed to boycott the state.

Still, $3.67 billion might be a conservative estimate. The real number could be even higher.

The AP writes:

The count includes only data obtained from businesses and state or local officials regarding projects that canceled or relocated because of HB2. A business project was counted only if AP determined through public records or interviews that HB2 was why it pulled out.

Some projects that left, such as a Lionsgate television production that backed out of plans in Charlotte, weren’t included because of a lack of data on their economic impact.

Will other states take this economic downturn as a warning and abandon their own attempts to pass a bathroom bill? Or will they put prejudice over profit?

 

(Header image via Jeffrey Beall)

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