Excerpt By: The Christian Post. Written By Samuel Smith.
Although opponents of North Carolina’s controversial transgender bathroom law have claimed that corporate backlash will cause huge economic losses, Lt. Gov. Dan Forrest said Wednesday that the state’s economy is doing “extremely well” despite small losses suffered from HB 2-related backlash.
Since North Carolina passed a bill last March that prohibits local governments from forcing businesses to allow people to access bathrooms consistent with their gender identity, a number of corporations have responded to the so-called “anti-LGBT” law by either changing plans to expand to the state or by canceling previously scheduled events or moving them out of the state.
As PayPal, Deutsche Bank, NBA, NCAA and various entertainers have canceled their plans to move, perform or host championship and all-star events in the state, that has propelled liberal critics of the law to proclaim that the law is detrimental to the state’s economy.