Tuesday, April 5, 2016

Representative Lesser Calls on Bank of America To Move Headquarters To CT

Letter to B of A (click to enlarge)
From a State Legislature press release.
Yesterday, a bipartisan group of more than 40 Connecticut legislators, led by Banking Committee chairs Rep. Matthew Lesser (D-Middletown) and Sen. Gary Winfield (D-New Haven) wrote to Charlotte-based Bank of America inviting the corporation to relocate its corporate headquarters to Connecticut.

The letter follows passage of a new law restricting the rights of LGBT residents of North Carolina. Bank of America has been particularly outspoken in its opposition to a law that it views as targeting its LGBT workforce and longstanding support for public policies that support nondiscrimination.

“Connecticut is home to world class financial institutions,” Rep. Lesser said. “We invite Bank of America to consider moving to a state that shares its social values and supports its LGBT workforce. We welcome Bank of America and major North Carolina financial institutions threatened by their state’s reckless actions.”  Lesser noted that Bank of America is already expanding its footprint in Connecticut and applauded recent moves by the company including an expansion of paid family and medical leave.

Bank of America is the biggest of many North Carolina companies to openly oppose North Carolina's new law, which prevents local governments from adopting nondiscrimination ordinances. The bill has been deemed the most anti-LGBT legislation in the country. The Banking Chairs would not rule out targeting other North Carolina financial institutions, including Wells Fargo and PayPal, both of which have strongly opposed the new law.

No comments: