North Carolina took another big financial hit for its law that made it illegal for transgender people to use the bathroom of their gender identity in public buildings.
CoStar Group, a real estate firm, had plans to move its research and development facilities to Charlotte, North Carolina, which would have created 730 jobs and invested $250 million in the local economy. But because of the state's controversial HB2 law, the company decided to go to Richmond, Virginia, instead, reported the Charlotte Business Journal.
"The primary reason they chose Richmond over Charlotte was HB2," said David Dorsch, senior vice president at Cushman & Wakefield, a law firm that represents CoStar.
"[CoStar] is a great company; they’re a world leader in commercial real estate," Dorsch added. "Their not coming here is a commentary on [Republican Gov. Pat McCrory of North Carolina] and [Charlotte] Mayor Jennifer Roberts ... HB2 is a problem that was, in my opinion, led by those two people.”
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“We will not comment on Charlotte,” CoStar said in a statement to the Charlotte Observer. “We will affirm LGBT rights and the rights of every one of our employees and those in the community are a very high priority and core to our firm’s values.”
CoStar is just the latest big company to cancel plans to move to North Carolina and bring jobs.
In April, financial services giant PayPal decided not to open a global operations center in Charlotte that would have brought at least 400 jobs, reported CNN.
"Becoming an employer in North Carolina, where members of our teams will not have equal rights under the law, is simply untenable," PayPal CEO Dan Schulman said in a statement. "The new law perpetuates discrimination and it violates the values and principles that are at the core of PayPal's mission and culture."