Another Company Refuses To Relocate In NC Because of HB2

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Yesterday Virginia's Governor announced that real estate firm CoStar had chosen Richmond for its new 730-job headquarters. The news comes after Charlotte had been the top competitor, only to fall off the list thanks to HB2. As long as this law remains in place, we'll continue to lose out on jobs and events to neighboring states. 

From the Charlotte Buisness Journal article,

Several real estate sources in Charlotte previously told me that CoStar had short-listed the Queen City for its research headquarters. The Washington Business Journal, a sister publication of the Charlotte Business Journal, reported that CoStar had narrowed its list to Richmond; Atlanta; Kansas City, Mo.; and Charlotte. And the Atlanta Business Chronicle, another CBJ sister paper, reported that Charlotte had emerged as a favorite over Atlanta, in large part because of Charlotte's abundance of new office space coming online.

But sources say North Carolina's controversial House Bill 2 ultimately cost the Queen City those jobs and approximately $8.2 million in initial investment by CoStar.

"The primary reason they chose Richmond over Charlotte was HB2," said David Dorsch, senior vice president at Cushman & Wakefield's Charlotte office. Cushman & Wakefield was representing CoStar nationally, and Dorsch said he had been working with CoStar in its local real estate search for most of 2016. He said the company was looking at downtown new construction for about 100,000 square feet


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