HB2 Economic Impact Felt

HB2 Economic Impact Felt

4:44pm Apr 19, 2016

The financial impact of the controversial HB2 bill is starting to take its toll. 

According to the Greater Raleigh Convention and Visitors Bureau, organizations continue to cancel or alter plans for events scheduled in Wake County. The estimated financial loss is $3 million.

The biggest hit comes from the Community Transportation Center of America. The Washington, D.C.-based association is now holding its 2018 event in Baltimore, Maryland. That could cost the state to lose $1.7 million.

In addition to the high-profile musical artists who’ve canceled concerts in North Carolina, like Pearl Jam and Ringo Starr, a record store association is scrapping plans for a three-day event in September. It too will go to Baltimore. The event was supposed to coordinate with the successful Hopscotch Music Festival.

The Department of Record Stores is among the growing number of organizations who say HB2 discriminates against the LGBTQ community.

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