PayPal is canceling its planned North Carolina expansion due to 'anti-gay law'
Elizabeth Weise, USATODAY SAN FRANCISCO — PayPal is canceling its planned North Carolina expansion due to the state's new anti-gay law, just two weeks after making the initial announcement.
Then on March 23 North Carolina passed a sweeping law that prevents cities and counties from passing rules preventing discrimination against gay, lesbian, bisexual and transgender people.
On Tuesday, PayPal CEO and president Dan Schulman announced that the electronic payment company was withdrawing its plans to build an operations center in the state because the new law perpetuates discrimination and violates the values and principles that he said are at the core of PayPal’s mission and culture.
The loss represents an economic blow to Mecklenburg County, where Charlotte is located. According to the Economic Development Partnership of North Carolina, PayPal would have invested over $3.6 million in Mecklenburg County by the end of 2017. The center was anticipated to yield a payroll impact of nearly $20.4 million per year for Mecklenburg and surrounding counties.
Discrimination is not just bad for the people of North Carolina, it’s bad for business, said Chad Griffin, the president of the Human Rights Campaign, a lesbian gay, bisexual and transgender civil rights organization based in Washington D.C.
“With every passing day that HB2 remains on the books, Governor McCrory is inflicting damage on the state’s economy and reputation,” he said.