Breaking: Greater Raleigh Chamber of Commerce, Raleigh City Council Formally Oppose HB 2 | News
News
INDY Week's news blog

Archives | RSS

Tuesday, April 19, 2016

Breaking: Greater Raleigh Chamber of Commerce, Raleigh City Council Formally Oppose HB 2

Posted by on Tue, Apr 19, 2016 at 3:55 PM

raleigh_chamber.png


The Greater Raleigh Chamber of Commerce, the Triangle's largest nonprofit business membership organization with 2,200 member firms representing two-thirds of the private sector employment in Wake County, has something to say about HB 2. 

It released the following statement Tuesday, presented here without comment:

This legislation is bad for business and bad for North Carolina. We must eliminate the issues this legislation creates. The Greater Raleigh Chamber will work with Gov. Pat McCrory, legislators, and other elected leaders to find a solution that is in the best interest of our region and state while strengthening our commitment to diversity, inclusion, and equality.

The Greater Raleigh Chamber of Commerce’s mission is to sustain and further develop a thriving economy and to enhance our community’s quality of life. We are against discrimination in all forms. The Triangle’s growth and success depend on attracting and retaining top talent and companies. Raleigh, Wake County and the Triangle region’s commitment to inclusion and equality makes our area a top place to live and do business.

HB2 has already harmed business growth in Wake County and the state of North Carolina’s reputation. This legislation is a threat to our mission as an organization devoted to growing our region’s economy. Our state has been represented negatively in more than 5,300 media outlets across the United States with nearly 8 billion impressions.

In Wake County, we have lost 250 committed jobs from Deutsche Bank, as well as a technology company that was considering the creation of up to 1,000 jobs in our region. Several other companies have eliminated us from consideration, explicitly citing this bill. Our Convention and Visitors Bureau is reporting over $3.2 million in lost revenues, and much more is at risk.

Chamber members, large and small companies, national sports organizations, and citizens have spoken out about the value of diversity and inclusion in North Carolina, as well as the importance of anti-discrimination policies. Since becoming law, the following losses have been announced citing HB2 (possibly pending repeal):

· PayPal: $44 million and 400 jobs
· Deutsche Bank: $9 million and 250 jobs
· Technology company expansion to Wake County: up to 1,000 jobs
· Technology company expansion in Buncombe County: $14.3 million
· Lionsgate relocated pilot series from North Carolina: 100 jobs
· Bruce Springsteen, Ringo Starr, Boston, and Pearl Jam: concerts canceled
· Cirque du Soleil: canceled North Carolina performances
· Charlotte hotel revenue lost from canceled or relocated events: $2.2 million
· Raleigh canceled, relocated, or scaled-back events: $3.2 million
· Google Ventures, which invests $2.4 billion in start-up ventures: will not invest in North Carolina start-ups
· City or state governments instituting travel bans to North Carolina: 16

Additional economic development projects and conventions are at risk pending repeal of HB2, including:
· Braeburn Pharmaceuticals: $27.6 million
· Red Ventures job expansion
· NCAA events (basketball, soccer, track, and more)
· High Point Market economic activity
· Charlotte hotel revenue from potential relocated events: $15.3 million
· 16 events in Raleigh at risk of being canceled: $28 million in visitor spending
Raleigh's city council just voted to endorse the Chamber's statement, essentially a long-awaited resolution against the bill. 

Tags: , , , ,

Pin It

Comments (2)

Showing 1-2 of 2

Add a comment

 
Subscribe to this thread:
Showing 1-2 of 2

Add a comment

INDY Week publishes all kinds of comments, but we don't publish everything.

  • Comments that are not contributing to the conversation will be removed.
  • Comments that include ad hominem attacks will also be removed.
  • Please do not copy and paste the full text of a press release.

Permitted HTML:
  • To create paragraphs in your comment, type <p> at the start of a paragraph and </p> at the end of each paragraph.
  • To create bold text, type <b>bolded text</b> (please note the closing tag, </b>).
  • To create italicized text, type <i>italicized text</i> (please note the closing tag, </i>).
  • Proper web addresses will automatically become links.

Latest in News



Twitter Activity

Comments

I did not believe is possible that HIV Disease can be cured because i have been scammed so many times …

by Happiness Joe on Study: N.C. among 10 states with highest HIV infection, death rates (News)

As a person with no dog in this fight, I am wondering how anyone could continue to pay this school …

by Chloe Salias on Breaking: Nancy Errichetti, Head of the Montessori School of Raleigh, Arrested for Allegedly Aiding and Abetting Sexual Abuse (News)

Most Recent Comments

I did not believe is possible that HIV Disease can be cured because i have been scammed so many times …

by Happiness Joe on Study: N.C. among 10 states with highest HIV infection, death rates (News)

As a person with no dog in this fight, I am wondering how anyone could continue to pay this school …

by Chloe Salias on Breaking: Nancy Errichetti, Head of the Montessori School of Raleigh, Arrested for Allegedly Aiding and Abetting Sexual Abuse (News)

Retaliatory fines for activities that are clearly permitted per the posted signage in that court should subject the IJ to …

by Karin Wolman on Raleigh Immigration Attorney Gets $2,510 Fine for Texting in Court (News)

Perhaps the appeal will succeed, but judges are usually reluctant to interfere with another judge's discretion to run a courtroom …

by ct on Raleigh Immigration Attorney Gets $2,510 Fine for Texting in Court (News)

Wow. This article and the pronouncements by the city council are so staggeringly contrary to reality it would be commical. …

by Craig Stump on City Council Calls on Durham to “Resist Bigotry,” Recommit to Inclusive Values Ahead of Jordan Peterson's DPAC Show (News)

© 2018 Indy Week • 320 E. Chapel Hill St., Suite 200, Durham, NC 27701 • phone 919-286-1972 • fax 919-286-4274
RSS Feeds | Powered by Foundation