By Lou Phelps, Savannah Business Journal
March 27, 2017 – After North Carolina’s statewide tourism arm, VisitNC, released reports last week that stated that the state’s controversial ‘bathroom bill’ had not hurt the state economically, national media outlets dug into economic data, and report a very different story. VisitNC is a state agency, controlled by the Governor and Republicans who supported the bll that limited LGBT protections.
The Associated Press is reporting today that North Carolina will lose more than $3.76 billion in business over the next twelve years, or approximately $313 million a year in total revenues.
The AP points out that the loss of the PayPal facility alone was a loss of $2.66 billion. And the state had previously been viewed as a ‘favored host’ by the NCAA for tournaments, but is now “avoiding the state,” according to the Associated Press. “The group is set to announce sites for various championships through 2022, and North Carolina won't be among them as long as the law is on the books. The NAACP also has initiated a national economic boycott,” according to today’s story.
The AP analysis can be found at (http://apne.ws/2n9GSjE ), which they state was “compiled through interviews and public records requests,” and represents “the largest reckoning yet of how much the law, passed one year ago, could cost the state. The law excludes gender identity and sexual orientation from statewide antidiscrimination protections, and requires transgender people to use restrooms corresponding to the sex on their birth certificates in many public buildings.” And, they add that the AP’s “tally is likely an underestimation of the law's true costs. The count includes only data obtained from businesses and state or local officials regarding projects that canceled or relocated because of HB2. A business project was counted only if AP determined through public records or interviews that HB2 was why it pulled out.” According to today’s story.
“Some projects that left, such as a Lionsgate television production that backed out of plans in Charlotte, weren't included because of a lack of data on their economic impact,” the worldwide news organization explains. “The AP also tallied the losses of dozens of conventions, sporting events and concerts through figures from local officials. The AP didn't attempt to quantify anecdotal reports that lacked hard numbers, or to forecast the loss of future conventions.”
The complete AP story can be found at: http://apne.ws/2na8fK4
- Mar. 27 - Sandfly Women Business Owners Coalition meeting scheduled for March 30
- Mar. 24 – Sen. Josh McKoon rises to point out lack of negative Economic Impact to North Carolina due to state legislation
- Mar. 22 – Mayor DeLoach in Atlanta at Legislature, working on passage of SB 434 for changes to Georgia's Eminent Domain laws
- FEATURE: Public invited to final Downtown Streetscapes Community Meeting, this Thurs, Mar. 23
- Mar. 14 - Film Savannah highlights First Quarter’s achievements with new Newsletter and Update on current productions
- SBJ SPECIAL REPORT: Breaking UGA Report outlines that Minority Groups are Driving U.S. Economy
- Feb. 27 - SEDA Board of Directors Meeting set for Tues. at 10:30 a.m.
- FEATURE: Television and Film Production Studio proposed for Coastal Empire Fairgrounds by Local Businessman and State Rep. J. Craig Gordon
- Feb. 14 - Senate version of Casino bills adds back Local Referendum decision on citing of "Destination Resorts"
- There's a Long Road Ahead on action to enhance Broadband in Georgia, based on Joint Committee's report
- New Casino Bill on the way; What Georgia legislators and voters can learn from Massachusetts
- Jan. 20 - Leadership Southeast announces 2017 Class
- Jan. 7 – Savannah area Unemployment edges up in latest data over last year; U.S. remains at 4.7 percent
- Strong Performance and Profit for 2016 reported at Savannah Economic Development Authority’s Annual Meeting
- SEDA's Annual Meeting Jan. 5 keynoter is Greg Bell, author of ‘Water The Bamboo: Unleashing the Potential of Teams and Individuals'
- Jan. 4 - Savannah Economic Development Authority to meet Jan. 5
- Jan. 2 - Georgia Economic Outlook series on Savannah's economy in 2017 set for January 18
- Nov. 17 - Nearly $8.6 Million in Disaster Assistance Approved for Georgia Hurricane Survivors
- Nov. 17 – Update on Search for new MPC Director
- Nov. 11 - Survey work underway on Downtown Streetscape Initiative
- Mar. 2 - The Ronald McDonald House of the Coastal Empire Cornhole Tournament Set For March 11
- Dec. 2 - Chamber and LaunchSAVANNAH to host Holiday Oyster Roast Dec. 15
- Oct. 31 - Chamber Announces Rescheduled Bands in the Ballpark Event for Nov. 17
- Oct. 31 - 25th Anniversary Enmarket Savannah Bridge Run to be held Dec. 3
- Oct. 19 - SDRA to host Savannah Urbanism Series: Building Beauty in the Urban Environment on Oct. 20