When PayPal pulled out of North Carolina last week due to the state’s new sweeping anti-LGBT law, the 400 jobs the tech company took with it were just the tip of the iceberg. Deutsche Bank announced Tuesday it was halting plans to add 250 jobs in Cary, NC, reports Reuters.
"We take our commitment to building inclusive work environments seriously," John Cryan, the chief executive of Germany's largest lender, said in a statement on Tuesday.
The Tar Heel State also took multiple blows over the weekend in its usually robust convention sector. Here’s the latest from the leading convention and visitors bureau in Wake County, the second most populous county in the state:
A report released by Wake County’s leading tourism agency on Monday says that the county has lost more than $700,000 in response to the controversial House Bill 2 – and could lose millions more.
The Greater Raleigh Convention and Visitors Bureau reported that four groups have canceled plans to hold events in Wake because of HB2...
But based on sourcing from one local Charlotte reporter, the damage appears to go far beyond those four groups, potentially including 29 groups overall. ...
GOP Gov. Pat McCrory, who hasn't taken a question about HB2 in three days, originally made this observation about the law's effect on business in the state a couple weeks ago.
"I have not had one company say they're moving out of North Carolina," he said.
Tuesday, Apr 12, 2016 · 5:08:04 PM +00:00
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Kerry Eleveld
UPDATE: Here’s what the loss of just 16 more groups could mean according to the CVB:
The visitors bureau reported that 16 other groups, the names of which it didn’t disclose, also are reconsidering plans to hold events in Wake County. The groups would bring a combined 73,500 people to the area and infuse an estimated $24 million into the local economy, the report says.
