North Carolina’s anti-trans bathroom law could cost the state almost $5 billion a year

Discrimination can get expensive, it turns out. The sticker price for North Carolina’s HB2—a hastily made law that bans transgender people from using public bathrooms consistent with their gender identity, and bans cities from passing anti-discrimination ordinances protecting LGBT people—is pretty shocking. The law will cost North Carolina nearly $5 billion a year.

That’s according to a new report (pdf) by the Williams Institute, a left-leaning research institute out of the University of California, Los Angeles, that looks at LGBT-related public policy issues. Most of that cost will come from the $4.7 billion in federal funding for schools, colleges, and universities that North Carolina’s violation of federal anti-discrimination laws would make it ineligible for. The state also risks losing a couple hundred thousand dollars in other federal funding. Lost business investment is huge, too—PayPal has already scrapped $24 million in planned investment in North Carolina.

http://qz.com/681977/north-carolinas-anti-trans-bathroom-law-could-cost-the-state-almost-5-billion-a-year/
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