North Carolina's controversial bathroom bill could cost the state nearly $4 billion

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."
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
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and events the state has already lost out on, North Carolina won't be getting that money back even if the law gets repealed.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.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
-
Gaza is running out of cash
Under The Radar Palestinians pay the price as black market springs up around banknotes and coins
By Elizabeth Carr-Ellis, The Week UK Published
-
Law firms: Caving to White House pressure
Feature Trump targets major law firms tied to his past investigations
By The Week US Published
-
Venezuelan deportees: Locked up for tattoos?
Feature A former pro soccer player was deported after U.S. authorities claimed his tattoo proved he belonged to a Venezuelan gang
By The Week US Published
-
Tesla Cybertrucks recalled over dislodging panels
Speed Read Almost every Cybertruck in the US has been recalled over a stainless steel panel that could fall off
By Justin Klawans, The Week US Published
-
Crafting emporium Joann is going out of business
Speed Read The 82-year-old fabric and crafts store will be closing all 800 of its stores
By Peter Weber, The Week US Published
-
Trump's China tariffs start after Canada, Mexico pauses
Speed Read The president paused his tariffs on America's closest neighbors after speaking to their leaders, but his import tax on Chinese goods has taken effect
By Peter Weber, The Week US Published
-
Chinese AI chatbot's rise slams US tech stocks
Speed Read The sudden popularity of a new AI chatbot from Chinese startup DeepSeek has sent U.S. tech stocks tumbling
By Peter Weber, The Week US Published
-
US port strike averted with tentative labor deal
Speed Read The strike could have shut down major ports from Texas to Maine
By Peter Weber, The Week US Published
-
Biden expected to block Japanese bid for US Steel
Speed Read The president is blocking the $14 billion acquisition of U.S. Steel by Japan's Nippon Steel, citing national security concerns
By Peter Weber, The Week US Published
-
Judges block $25B Kroger-Albertsons merger
Speed Read The proposed merger between the supermarket giants was stalled when judges overseeing two separate cases blocked the deal
By Peter Weber, The Week US Published
-
Rupert Murdoch loses 'Succession' court battle
Speed Read Murdoch wanted to give full control of his empire to son Lachlan, ensuring Fox News' right-wing editorial slant
By Peter Weber, The Week US Published