The North Carolina "Bathroom Bill," which limits LGBT rights, is said to be costing the state more than $3.76 billion in lost business over 12 years, according to an Associated Press analysis.
The law requires that transgender individuals use public restrooms that correspond with their birth gender, rather than the gender they identify with. As a result, businesses and entertainment acts have refused to operate and perform in North Carolina.
PayPal (PYPL) - Get Report canceled plans to open a global operations center, costing the state 400 jobs, last April. The facility would have brought an estimated $2.66 billion to the state's economy, AP noted.
Ringo Starr, Bruce Springsteen, and other performers all canceled concerts in North Carolina in protest of the discriminatory law. The Ringo Starr concert would have brought a town's amphitheater about $33,000 in revenue.