The Associated Press tallied up the potential costs of North Carolina's bathroom bill, and the total isn't pretty. Because of the legislation passed last year rolling back LGBTQ protections and requiring transgender individuals to use the restroom that corresponds to their biological sex, The Associated Press estimated North Carolina will "suffer more than $3.76 billion in lost business" by the end of 2028.
One of the biggest blows is the canceled construction of the PayPal facility, which The Associated Press reported would have "added an estimated $2.6 billion to the state's economy." Other costs include called-off concerts, the NCAA's refusal to host tournaments in North Carolina, and the NAACP's national economic boycott — to name just a few.
Shortly after the bill was signed into law last year, then-Gov. Pat McCrory (R) assured North Carolinians the law would not impact the state's status as "one of the top states to do business in the country." Lt. Gov Dan Forest has maintained the bill's effect is "minimal to the state" and warned people not to be "fooled by the media" into thinking the issue is "about the economy."
But The Associated Press found North Carolina's economy "could be growing faster if not for the projects that have already [been] canceled," noting its cost estimate is "likely an underestimation." In total, North Carolina has lost out on "more than 2,900 direct jobs that went elsewhere," AP reported.
Because the estimate is based on projects and events the state has already lost out on, North Carolina won't be getting that money back even if the law gets repealed. Read the full story over at The Associated Press.