in COVID-19, LGBTQ+, Politics, Social Justice

Texas Economist Predicts Huge Economic Benefits to Passing Comprehensive Non-Discrimination Act

by Onward Texas Staff July 27, 2020, 5:12 pm 45.1k Views

Texas economist, Dr. Ray Perryman, estimates a statewide LGBTQ+ inclusive non-discrimination act would provide Texas massive economic gains.

Dr. Ray Perryman says a #txlege statewide nondiscrimination law includng #LGBTQ people would add equivalent of an extra year's worth of economic activity to the Texas economy over the next 24 years. #YallMeansAll pic.twitter.com/WLufDEXbxW
— Texas Competes (@TXCompetes) May 27, 2020

“Texas has not yet passed a CNDA (Comprehensive Non-Discrimination Act) to protect the LGBTQ community. The Perryman Group (TPG) recently examined the potential economic benefits of passing a non-discrimination in employment, housing, and public places access act, as well as the associated increase in tax receipts to the State and local governments.” – Dr. Ray Perryman, The Perryman Group

If the act passes in 2021, the Perryman Group predicts an additional $19.8 billion in annual gross product and over 180,200 jobs from 2021 to 2025. They further predicted an additional $104.3 billion in annual gross product and 702,000 jobs from 2021 to 2045. With the financial effects of COVID-19, these monies and jobs can be used to give a boost to Texas’ economy, while showing the LGBTQ+ community they are welcome in Texas.

To read the full economic report, click here.