Apr 06, 2016 09:46 AM EDT

PayPal Pull Out Costs 400 Charlotte Jobs

Recently, PayPal Chief Executive Officer Dan Shulman announced that the company has canceled plans to open a site in Charlotte. The main reason behind the halt was the House Bill 2. According to The Charlotte Observer, the "discriminatory bill", as described by the website, has threatened the loss of well-paid employment in the region. Senator Berger, House Speaker Tim Moore, Rep. Dan Bishop and other republican leaders didn't show any signs of regret about losing a business investment in the area - One that could potentially uplift the economic status of Charlotte.

Previously, John McCabe, Senior VP of PayPal Global Operations and Gov. Pat McCrory proudly shook hands last month that PayPal was opening an operations site in Charlotte. The Washington Post also reported that Gov. Pat McCrory was boasting that PayPal was the kind of business that North Carolina needs. Now, that dream of business development and economic growth has been stunted when the Republican Party accused the company of hypocritical acts such as extortion and human rights abuses in other countries.

The Republican Party chose to ignore PayPal's statement that it was declining to do business in Charlotte because of the House Bill 2. Instead, they pointed fingers at Charlotte Mayor Jennifer Roberts for the economic loss. "If Jennifer Roberts, Roy Cooper and the far-left Political Correctness Mob she's unleashed really care about the economic future of her city, they'll stop the misinformation campaign immediately ... before more damage is done," Berger and Moore said in a statement.

However, this was not the first time business has been pulled out from the state. The bill also pushed Lionsgate out from producing "Crushed," a show that was supposed to be filmed in Charlotte. Red Ventures CEO Ric Elias said Tuesday his company will "seriously reconsider" its plan to add 500 jobs in Charlotte. Elias said, "our long-term plans for aggressive expansion in North Carolina will change."

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