North Carolina Boycott Hardly a Slam Dunk for ACC
The good news for North Carolina is starting to sound like a broken record, but based on the latest business reports, HB 2 might have been the best thing that happened to the state! Tourism is thriving and the economy is expanding — which is exactly the opposite of what liberals predicted. In a great Washington Times piece today, Bradford Richardson and Valerie Richardson are quick to point out that whatever “boycott” the Left had unleashed on the Tar Heels wasn’t nearly as powerful as they thought it would be.
Financial indicators released for 2016, they write, “show that the boycott has failed to derail North Carolina as a regional and national powerhouse,” despite the loss of some significant sporting events. As we’ve talked about before, hotel occupancy and room demand shattered records last year — part of the reason Forbes named North Carolina #2 in the nation for doing business. Now, adding to those accolades, Site Selection magazine just named the state “fourth in the nation for attracting and expanding businesses with the arrival of 289 projects — and seventh in projects per capita.” Hardly the stuff of a flailing economy! “North Carolina finished first for drawing corporate facilities in the eight-state South Atlantic region,” the Times goes on. “Also unscathed was the state’s seasonally adjusted unemployment rate, which was 5.3 in January 2016 and 5.3 percent in January 2017.” If liberals were hoping to make a case study out of North Carolina and the effects of privacy bills, they’ll have a tough time doing so now. As many as 13 states are considering measures like HB 2 — and based on these numbers, it might be the best decision they ever make!
Meanwhile, Target and sports associations like the NBA and ACC continue to pay for their stubbornness. After moving their events out of North Carolina, both the NBA All-Star Game and ACC Basketball Championship sold the fewest tickets to their events ever. The almost year-long boycott of Target has the retailer swimming in red ink, with shares down as much as 35 percent since opening its bathrooms and changing rooms to people of either gender. Yet amazingly, the company’s executives and PR specialists continue to insist that their transgender policy has anything to do with the crash. Target spokeswoman Erika Winkels told Snopes.com, “We have made it clear over time that we’ve seen no material impact to the business based on the bathroom policy. We don’t have anything new or different to share.”
But saying it doesn’t make it so. And if, like the media, they believe that ignoring it will make it go away, Target is mistaken. The company was at its peak the day they announced their new bathroom rules. After that, they’ve yet to recover. Compared to the S&P 500, Target has been declining while the rest of the market — including their biggest competitors — rebounds. Coincidence? Only Target thinks so.
Tony Perkins’ Washington Update is written with the aid of FRC senior writers.
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