House Bill 2 will cost North Carolina more than $3.76 billion over 12 years, according to an Associated Press analysis report.
The estimate was compiled based on businesses moving development from North Carolina, musicians canceling planned tour stops and athletic events being pulled from the state. The largest contributor was PayPal’s decision to cancel development of a Charlotte operations center — an estimated $2.66 billion financial blow to the state by the end of 2028.
The bill, passed last March, has attracted a slew of criticism from North Carolinians, including Gov. Roy Cooper.
“That means fewer jobs and less money in the pockets of middle-class families,” Cooper tweeted in response to the report.
Although, according to Public Policy Polling, 58 percent of North Carolina voters think the bill is hurting the state, Cooper and the state legislature have been unable to compromise on a repeal plan.