Gov. McCrory’s Discrimination Bill Costs Cary 250 Jobs

 

header

FOR IMMEDIATE RELEASE

Tuesday, April 12, 2016

CONTACT: Dave Miranda, 919.408.7430

or Dave@ncdp.org

Gov. McCrory’s Discrimination Bill Costs Cary 250 Jobs

RALEIGH, N.C. – Deutsche Bank announced this morning that it will freeze plans to create 250 new jobs at its Cary, N.C. location due to the passage of HB2, Gov. McCrory’s discrimination bill. Deutsche Bank’s announcement is just the latest in a series of companies and organizations announcing that McCrory’s discrimination bill has led them to cancel plans to create jobs and economic growth in North Carolina.

“Last week PayPal took its 400 jobs elsewhere and Asheville lost 500 potential technology jobs because of Governor McCrory’s discriminatory law. This week it’s Deutsche Bank saying it won’t expand in North Carolina because of Governor McCrory’s discriminatory law,” said North Carolina Democratic Party Chairwoman Patsy Keever.

 “What will it be next week? How many thousands of jobs will we have to lose, how many millions in economic activity, before McCrory fixes this?”

 

In addition to thousands of jobs lost, HB2 has cost North Carolina several concerts and festivals, and has resulted in official travel bans from several states. There has also been talk of the NBA relocating next year’s All-Star Game, currently slated to be played in Charlotte.

In announcing Deutsche Bank’s plans to freeze its job growth in North Carolina, John Cryan, Co-Chief Executive Officer, said, “We take our commitment to building inclusive work environments seriously. We’re proud of our operations and employees in Cary and regret that as a result of this legislation we are unwilling to include North Carolina in our US expansion plans for now. We very much hope that we can re-visit our plans to grow this location in the near future.”

In the face of mounting job and revenue losses for the state, Gov. McCrory is expected to repeal or amend HB2 in the upcoming legislative session.

###

The North Carolina Democratic Party (NCDP) is the North Carolina affiliate of the Democratic Party. NCDP works to elect Democratic public officials, encourages North Carolinians to become involved in Democratic politics, and fights for equality, opportunity and prosperity for all North Carolinians.