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Businesses may leave Texas over anti-abortion law – Colorado Springs, Colorado

Colorado Springs, Colorado 2021-09-14 22:24:44 –

Texas Governor Greg Abbott defends CNBC, the new anti-abortion law will not affect the growth of the housing technology company’s state.

“This hasn’t slowed down any companies coming to Texas,” he said.

Texas is a growing hub for businesses and is sometimes referred to as the “mecca of technology.” Home to major companies such as Oracle, Hewlett-Packard and Tesla, it has more than 17,000 technology companies and more than 200,000 workers who have opted to move from California to Texas. Reductions in living expenses and tax incentives are also factors.

But some say Texas’ new, controversial abortion ban may hurt its thriving industry.

“Texas creates a very unpleasant environment, so I think we need to worry,” said Shelley Alpern of Rhia Venture.

A recent poll funded by an abortion group found that two-thirds of college-educated workers said the new law would discourage employment in Texas. In the long run, small tech companies can also be affected.

Lori-Lee Elliot, CEO of Future Sight AR, said:

State women-led companies like Bumble and Match promise financial support to those seeking abortion. Salesforce is also proposing to relocate employees and their families from Texas.

Elliott is concerned that the negative effects of Texas law will have a spillover effect on small businesses like her.

“It affects small businesses like me who need to hire,” she said. “These companies really support recruitment, so we have a rich pipeline of talent to hire.”

But big companies like Tesla were silent. CEO Elon Musk tweeted, “I want to get away from politics.”

Governor Abbott states that state conservative legislation without state income and corporate taxes remains very attractive to businesses.

“In fact, it’s accelerating the process of companies coming to Texas,” he said.

However, some estimates suggest that the new law could cost Texas about $ 15 billion annually, forcing women to give birth and care for their workforce. ing. This includes women of color, immigrants, adolescents, people with disabilities, and others who can hardly afford to be absent from work or underemployed.

For example, the black community makes up about 13% of Texas’ population, but 26% of the state’s abortion.

“Introducing comprehensive legislation that actually creates yet another barrier to access healthcare in these same communities only exacerbates existing problems,” said Erika Davies, CEO of Rhia Venture. Said.

Davis and her company are investing in start-ups focused on women’s health.

“There are many other reasons companies need to worry about this, from responsibility to the simple issues of access to health and health care,” she said.

Most companies remain silent about Texas law, but her group is calling on companies to step up, even outside Texas.

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