Deutsche Bank is the latest company to cancel plans to bring its business to North Carolina after the state legislature passed House Bill 2, which limits protections for its LGBT community.
Deutsche Bank joins PayPal, which recently announced plans to boycott the state, changing its plan to open an operations center that would have brought 400 jobs to Charlotte.
In the latest hit to the state’s economy, Deutsche Bank changed course on its plan to bring 250 jobs to Cary, North Carolina, by the end of 2017. The jobs were reportedly expected to pay an average salary of $85,600.
“We take our commitment to building inclusive work environments seriously,” John Cryan, Deutsche Bank’s co-CEO, told the Charlotte Observer. “We’re proud of our operations and employees in Cary and regret that as a result of this legislation we are unwilling to include North Carolina in our US expansion plans for now. We very much hope that we can re-visit our plans to grow this location in the near future.”