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PayPal withdraws from North Carolina because of new LGBT discrimination law
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| Contributor | RP |
| Last Edited | RP Apr 05, 2016 01:10pm |
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| Category | Announcement |
| Author | David Kravets |
| News Date | Tuesday, April 5, 2016 05:15:00 PM UTC0:0 |
| Description | On Tuesday, payment processor PayPal said it was abandoning plans to open a new global operations center in Charlotte, North Carolina, in the wake of the state's new legislation that discriminates against the LGBT community. The news comes just two weeks after PayPal, based in San Jose, California, announced plans to bring 400 skilled jobs to the state. But on March 23, North Carolina Gov. Pat McCrory signed legislation making his state the nation's first to require transgender people to use bathrooms that comport with the sex listed on their birth certificates.
The move is the biggest economic backlash to North Carolina because of the recent legislation. Braeburn Pharmaceuticals of New Jersey announced last week it was reconsidering its plans to build a $20 million research and manufacturing plant in the state, which would include 50 new positions paying an average $76,000 annual salary. Lionsgate and the A + E network announced last week that they won't film in North Carolina either.
The law in question is known as HB2. In addition to the restroom policy, the measure also blocks lesbian, gay, bisexual, and transgender people from enjoying anti-discrimination protections, and it forbids local North Carolina governments from adopting anti-discrimination and living wage rules to counter the state law. |
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