Governor Pat McCrory defended House Bill Two on CNBC

Governor Pat McCrory defended House Bill Two on CNBC

WILMINGTON, NC (WECT) - Governor Pat McCrory defended House Bill Two on CNBC Wednesday afternoon, downplaying the economic impact of the measure, which limits legal protections for those in the LGBT community and dictates which bathroom transgender people much use.

On Closing Bell, McCrory highlighted North Carolina as having the fastest growing economy of any state over the past three years.

When asked about the pressure from employers over HB2 and the potential of lost jobs, McCrory said, "Businesses are making this political decision and one made that political decision and one has held off on some jobs. We have over 200,000 businesses in North Carolina and we're doing extremely well."

Hundreds of other companies though have signed a petition asking the state to repeal the law.

"The biggest concern businesses should have right now is the Justice Department releasing a new EEO which applies to every company in the United States of American not just North Carolina and you have the justice department setting bathroom rules for every company in the United States of America," McCrory said.

MORE: Attorney General: HB2 creates 'state-sponsored discrimination'

McCrory said the issue needs to be clarified by the courts. Earlier this week, North Carolina sued the federal government and the US Justice Department filed a counter suit over HB2.

"Whatever the courts say, we will follow those rules," McCrory said on CNBC.

When asked about the NBA considering moving its All Star Game from Charlotte next year, McCrory said, "Regardless of the NBA or any corporate identity, I think it's a slippery slope that businesses have to be careful to get in on these social issues because there is inconsistent outrage from among some companies like PayPal that does business in Saudi Arabia, Russia and China which have terrible human rights records and yet they want to boycott NC because of a common sense bathroom, restroom, shower facility policy which needs to be clarified by the federal courts."

A new study from the Williams Institute, a think tank at UCLA Law which conducts independent research on sexual orientation and gender identity law and public policy, is claiming North Carolina could lose almost $5 billion a year because of House Bill Two. The study factors in a loss of federal funding and businesses not investing in the state. 

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