Count one of Alphabet’s investment arms, Google Ventures, to stay out of the state of North Carolina until further notice. According to a report from Re/code, the firm will not be making any investments in North Carolina until its controversial law preventing LBGT persons from being protected under anti-discrimination clauses is repealed.
GV CEO Bill Maris was one of dozens of CEOs and executives who signed a protest letter about the law, which among other things forces transgender persons to use public restrooms in accordance with sex assigned at birth. But in a note sent to partners, Maris wanted to make sure that the firm was not “deploying dollars” to companies in North Carolina until the law is repealed.
Despite the outcry from businesses, North Carolina Governor Pat McCrory is, at least currently, standing by the law. Earlier this week, his team sent out a press release arguing the bill is about privacy and not about rights. Despite this, businesses continue to come out against the bill, and pull their work from the state.