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PayPal withdraws NC investment over HB2

April 05, 2016

Things just keep getting worse for the state of NC over HB2. PayPal cancelled their plans to base a new global operations in Charlotte in protest over HB2. The company has pledged to work with the LGBTQ community in North Carolina to overturn the discriminatory law. This is an enormous loss for the southern state, accounting for 12.54% of the total HB2 losses to date.
"The new law perpetuates discrimination and it violates the values and principles that are at the core of PayPal’s mission and culture. As a result, PayPal will not move forward with our planned expansion into Charlotte."

- Dan Schulman, President and CEO of PayPal View full statement
North Carolina continues to lose out from HB2; the loss of the Paypal expansion just adds to the fallout.

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