Due to the economic impact and negative reputation HB2 has created for our area, the Chamber is issuing a formal policy position opposing the legislation.
The Greater Raleigh Chamber of Commerce opposes HB2 and calls for its immediate repeal. 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.
We are committed to working with our legislators to find the best path going forward, as well as bringing diverse talent to our area. We will continue to measure the economic impact of HB2, and updates can be found on the Chamber website.