To show that there are no hard feelings between the state of North Carolina and PayPal, Speaker of the House, Paul "Skip" Stam has generously offered to help PayPal find another state to do business in. Check it out.
Rep. Stam's Memo:
FOR IMMEDIATE RELEASE: April 12, 2016
I WANT TO HELP PAYPAL
Find a Suitable Place of Service
On March 16, PayPal announced that it would gladly receive $3.6 million from the state of North Carolina to locate a new facility near Charlotte. Then on April 5, PayPal President & CEO, Dan Schulman, announced that it would not move to North Carolina because of the passage of SL 2016-3. Certainly, this was not because of the bathroom/locker-room situation since the bill did not even apply to private business facilities. PayPal was incensed at the so-called failure of the legislation to include extra special protections for sexual orientation, gender expression and gender identity.
PayPal lawyers apparently did not realize that this was the same law in effect on March 16. PayPal currently maintains its operations center and main office in Nebraska and has a technology center in Arizona as well as a data service office in Texas -- all states with similar discrimination policies as North Carolina.
The problem for PayPal is that 31 other states (and the federal government) also lack those categories for extra special protection. So PayPal would be limited to 20 states:
California
Colorado
Connecticut
Delaware
Illinois
Iowa
Nevada
New Hampshire
New Jersey
New Mexico
New York
Maine
Maryland
Minnesota
Oregon
Rhode Island
Utah
Vermont
Washington
Wisconsin
But PayPal will need to narrow its list further. In the publication
Rich States Poor States and the publication by the
National Tax Foundation on Tax Policy, the following states are in the bottom 15 in economic or tax climate. PayPal would certainly want to avoid these states.
The 15 worst state rankings for fostering business development include:
36. Washington
37. West Virginia
38. Maine
39. Pennsylvania
40. Montana
41. Oregon
42. Hawaii
43. Illinois
44. Delaware
45. Minnesota
46. California
47. Connecticut
48. New Jersey
49. Vermont
50. New York
The 15 worst state rankings for tax climate include:
36. South Carolina
37. Louisiana
38. Arkansas
39. Georgia
40. Iowa
41. Maryland
42. Ohio
43. Wisconsin
44. Connecticut
45. Rhode Island
46. Vermont
47. Minnesota
48. California
49. New York
50. New Jersey
Now PayPal is down to only 5 states: Colorado, Nevada, New Hampshire, New Mexico, and Utah.
But PayPal has another problem: It does business in 25 nations where homosexual acts are a crime. So it would certainly want to reduce its footprint there. It would also want to stop its plans to expand to Cuba and would want to eliminate its operations in the People's Republic of China. Each have brutal communist dictatorships.
Hopefully this research will be helpful to PayPal in its search for a new location more compatible with its principles.
Reference:
http://paulstam.info/wp-content/uploads/2016/04/I-WANT-TO-HELP-PAYPAL.pdf
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