INSTITUTE INDEX: HB2's economic threat to North Carolina
The potential annual cost to North Carolina from HB2, the state's controversial law requiring transgender people to use public bathrooms that correspond to the gender on their birth certificate, according to a report released this week by the Williams Institute at the UCLA School of Law: almost $5 billion
Amount North Carolina stands to lose in federal education funding alone because of the law: $4.7 billion
In federal funding to NCWorks, which connects job seekers with employers: up to $88 million
In federal contracts to state and local governments: $35 million to $65 million
Date on which the White House announced that it won't pull funds from the state until the various legal challenges to the law play out: 5/12/2016
Amount in business investment that has already been withdrawn from the state over HB2: $40 million
Additional amount of business investment at risk: $20 million
Number of states that have adopted travel bans as a result of HB2, prohibiting taxpayer-funded travel to the state: 5
Number of localities that also have banned travel to North Carolina because of the law: 21
Amount that the Charlotte Regional Visitors Authority estimates HB2 has already cost in lost business in the Charlotte area alone: $80 million
Number of jobs already lost because of the law: over 1,250
Additional number of jobs at risk: 550
Approximate amount that the poverty and unemployment resulting from the workplace harassment and job loss faced by transgender people costs North Carolina in annual Medicaid expenditures: $227,000
In annual housing program expenditures: $345,000
If North Carolina were to move towards inclusion of instead of exclusion, amount the state could save annually by reducing major depression in LGBT people: $92 million to $123 million
(Click on figure to go source. Many of the numbers in this index are from "Discrimination, Diversity, and Development: The Legal and Economic Implications of North Carolina's HB2" by the Williams Institute at the UCLA School of Law.)
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Sue Sturgis
Sue is the former editorial director of Facing South and the Institute for Southern Studies.