PO Box 2044
Durham, NC 27702
201 West Main St
Durham, NC 27701
September 26, 2016
In a statement organized by Croatan Institute, Trillium Asset Management, and New York City Comptroller Scott M. Stringer, investors representing over $2.1 trillion in assets under management are calling for a full repeal of North Carolina’s notorious House Bill 2. The bill overturns municipal non-discrimination protections for lesbian, gay, bisexual, and transgender (LGBT) people and prohibits transgender people from using restrooms consistent with their gender identity. Not only does the bill invalidate the human rights of individuals across the state, but it also has troubling financial implications for the investment climate in North Carolina.
“Simply put, House Bill 2 is making it harder to finance businesses and get deals done in North Carolina,” stated Dr. Joshua Humphreys, president and senior fellow of Croatan Institute. “This diverse group of investors has therefore come together to call for a full repeal of HB2 — before the investment climate in our state deteriorates further.”
In conjunction with the investor statement, Dr. Humphreys,Trillium CEO Matt Patsky, Out Leadership Founder Todd Sears, and Investors’ Circle Executive Director Bonny Moellenbrock held a press event at HQ Raleigh, in the North Carolina state capitol, alongside leaders from the investment, finance, business, and startup communities. Following the event, the group hand delivered the statement to the NC Governor’s office and the state legislature.
The official press release can be viewed here.
The investor statement and list of signatories is available here.
For more information, contact Joshua Humphreys at josh [at] croataninstitute.org