In April, the Center for American Progress estimated that the state of North Carolina would lose more than $567 million in private-sector economic activity through 2018 due to the passage of the Public Facilities Privacy & Security Act, otherwise known as the “bathroom bill.”
But indicators show that North Carolina’s economy is doing just fine:
Tourism has thrived: Hotel occupancy, room rates and demand for rooms set records in 2016, according to the year-end hotel lodging report issued last week by VisitNC, part of the Economic Development Partnership of North Carolina.
Meanwhile, North Carolina ranked fourth in the nation for attracting and expanding businesses with the arrival of 289 major projects, and seventh in projects per capita — the same as in 2015, according to Site Selection magazine, which released its 2016 rankings in the March edition.
North Carolina finished first for drawing corporate facilities in the eight-state South Atlantic region, said Site Selection, which uses figures tracked by the Conway Projects Database.
And in November, both Forbes and Site Selection magazine ranked North Carolina the No. 2 state for business climate.
Also unscathed was the state’s seasonally adjusted unemployment rate, which registered at 5.3 percent in January 2016 and 5.3 percent in January 2017, according to the U.S. Bureau of Labor Statistics.
Ironically, those opposed to the bathroom bill are the ones hurting. The NBA moved its All-Star game from Charlotte to New Orleans in protest, and as a result suffered “the lowest ticket sales” in All-Star game history. Similarly, the ACC championship football game was moved to Orlando and attendance was the lowest in history.