tech companies should oppose the new wave of anti-lgbtq legislation
The Competition for Tech Talent and the Threat of Discriminatory Legislation
A global contest is currently underway among American technology firms to secure leading talent. Professionals now have increased agency in choosing their preferred locations for both residence and launching new ventures.
The rise of remote work arrangements, coupled with the geographically diverse distribution of tech skills, has led to greater availability of venture capital and expanded opportunities for businesses.
The Need for Welcoming State Policies
States should prioritize the implementation of policies that foster a business-friendly environment and extend a welcoming hand to both entrepreneurs and employees.
Unfortunately, a number of states are pursuing a contrasting approach, attempting to enact legislation that actively undermines equality and could detrimentally impact businesses.
States Considering Anti-LGBTQ Legislation
Currently, several states are deliberating on bills that would negatively affect the LGBTQ community. These include Montana, Texas, New Hampshire, Tennessee, Missouri, Georgia, Iowa, Kentucky, North Dakota, Mississippi, and Alabama.
Such legislation poses a significant risk of causing lasting harm to tech employees and their families, particularly those who may already experience marginalization or be vulnerable to harassment.
The Tech Industry's Response
The technology sector must actively and vigorously oppose discriminatory state-level legislation that targets workers and their families.
These bills represent an economic liability and impede businesses’ capacity to attract and retain highly skilled employees.
Employee Expectations and Business Needs
Tech employees rightfully expect fair treatment in all aspects of their lives, and assurance that they, their colleagues, and their families are shielded from discrimination.
Tech companies seek to operate in states where they can effectively recruit top talent to drive innovation. Discriminatory laws create a substantial obstacle to this goal.
Economic Consequences of Exclusion
States committed to the growth of their innovation economies should refrain from erecting barriers to opportunity and discouraging individuals from establishing residency.
Anti-LGBTQ bills are not only ethically problematic, but also economically unsound.
As states work to revitalize their economies following the pandemic, such legislation would have a negative impact on travel, tourism, and business investment.
Precedents of Economic Harm
Historical examples demonstrate the economic repercussions of discriminatory laws.
North Carolina’s 2016 law restricting transgender restroom access resulted in an estimated $630 million loss for the state within a year, alongside the cancellation of 2,000 planned jobs.
In Indiana, Angie’s List halted a $40 million expansion project, projected to create 1,000 jobs, in response to a similar anti-LGBTQ law.
Visit Indy reported a loss of at least 12 conventions and $60 million in revenue following the passage of restrictive legislation.
An economic study in Arizona estimated potential losses exceeding $140 million in meetings and conventions over three years due to a bill perceived as hostile to the LGBTQ community, which was ultimately vetoed.
TechNet's Advocacy
TechNet has recently voiced opposition to proposed anti-LGBTQ legislation in Montana, New Hampshire, and other states.
We have emphasized that inclusive and welcoming states are essential for economic success in the 21st century, and will continue to do so wherever similar discriminatory legislation is proposed.
Balancing Growth and Inclusion
We acknowledge the efforts these states have made to support the growth and competitiveness of the technology sector.
However, we urge legislators to avoid actions that would hinder their ability to compete for the talented and highly educated workforce that companies are actively seeking.
The Value of Diversity and Inclusion
Businesses – and states – flourish when they embrace inclusivity. LGBTQ individuals are integral members of our communities, serving as family, friends, colleagues, neighbors, and leaders.
They deserve equal rights and opportunities.
Call to Action
Lawmakers in Montana, Tennessee, and other locations are poised to send unacceptable anti-LGBTQ bills to their governors for approval.
We implore state lawmakers to reject these extreme proposals that seek to exclude the LGBTQ community from full participation in society.
Continued Opposition
The technology industry will maintain a strong and public stance against these bills, recognizing the immense harm they would inflict on our families, employees, and the communities where we operate.