Yesterday, Lt. Governor Dan Forest testified in front of the Texas Legislature in support of their bill, Senate Bill 9, which is fashioned after North Carolina’s House Bill 2 (HB2).
In his testimony, the Lt. Governor stressed the issue at hand was about privacy and safety for woman and children and about making reasonable accommodations for all people.
Forest dispelled media narratives that businesses were leaving the state in droves and that the economic impact of HB 2 has been catastrophic.
Forest ticked off the economic gains and accolades North Carolina has earned both before and after the passage of HB 2.
The Lt. Governor kicked off the list, citing media outlet WRAL, who had to admit that the economic impact of HB2 was overblown and that “cancellations over HB2 make headlines, but barely a dent in the North Carolina economy.”
- 6th highest job growth rate in the country
- GDP and per capita income growth had annually outpaced the rest of the country
- 76,000 more people employed since the start of the 2016 Charlotte Ordinance issue
- Tourism spending is up over $2.5 billion dollars over the previous last four years
- Hotel/motel occupancy was up 3.4% statewide in 2016; a state record
Forest stunned the panel of legislators by revealing that the most extreme estimate for loses from HB2 was less than one tenth of one percent of the state’s annual GDP, which is estimated at $510 billion.
The Lt. Governor added that number does not take into account the growth figures that would counteract potential losses.
When ranked by size of GDP, North Carolina had the fastest growing economy in the nation in the 3rd quarter of 2016, representing a 4.7% increase from the third quarter two years earlier.