INSTITUTE INDEX: HB2's economic threat to North Carolina

A new report released this week details HB2's potential costs to North Carolina.

The potential annual cost to North Carolina from HB2, the state's controversial law requiring transgender people to use public bathrooms that correspond to the gender on their birth certificate, according to a report released this week by the Williams Institute at the UCLA School of Law: almost $5 billion

Amount North Carolina stands to lose in federal education funding alone because of the law: $4.7 billion

In federal funding to NCWorks, which connects job seekers with employers: up to $88 million

In federal contracts to state and local governments: $35 million to $65 million

Date on which the White House announced that it won't pull funds from the state until the various legal challenges to the law play out: 5/12/2016

Amount in business investment that has already been withdrawn from the state over HB2: $40 million

Additional amount of business investment at risk: $20 million

Number of states that have adopted travel bans as a result of HB2, prohibiting taxpayer-funded travel to the state: 5

Number of localities that also have banned travel to North Carolina because of the law: 21

Amount that the Charlotte Regional Visitors Authority estimates HB2 has already cost in lost business in the Charlotte area alone: $80 million

Number of jobs already lost because of the law: over 1,250

Additional number of jobs at risk: 550

Approximate amount that the poverty and unemployment resulting from the workplace harassment and job loss faced by transgender people costs North Carolina in annual Medicaid expenditures: $227,000

In annual housing program expenditures: $345,000

If North Carolina were to move towards inclusion of instead of exclusion, amount the state could save annually by reducing major depression in LGBT people: $92 million to $123 million

(Click on figure to go source. Many of the numbers in this index are from "Discrimination, Diversity, and Development: The Legal and Economic Implications of North Carolina's HB2" by the Williams Institute at the UCLA School of Law.)