"Up to an estimated $879 million in LGBTQ+ household and business income has left Missouri in recent years, as queer residents flee a hostile political environment, according to a recent analysis by the Movement Advancement Project (MAP). The state lawmakers responsible for creating this financial drain were warned, the Missouri Independent reports. For years, business organizations, advocacy groups, and individuals cautioned officials pushing discriminatory laws that the economic fallout would be one deleterious result."
"A 2023 Wells Fargo report revealed that states with bigger LGBTQ+ populations have higher rates of economic growth, while the inverse is also true. Multiple surveys and studies show that LGBTQ+ people - young adults in particular - have moved or are considering moving from states hostile to LGBTQ+ rights. An estimated 3% of cisgender young people and 5% of all trans people have already fled red states."
Up to an estimated $879 million in LGBTQ+ household and business income has left Missouri in recent years as queer residents relocate from a hostile political environment. Lawmakers who enacted discriminatory laws faced warnings that economic consequences would follow. Business organizations, advocacy groups, local officials, and chambers of commerce cited negative effects on workforce recruitment, employee retention, and the state's ability to attract businesses. The estimate comes from a survey conducted by the Movement Advancement Project with The Trevor Project. A 2023 Wells Fargo report connects larger LGBTQ+ populations with higher economic growth, and surveys show young LGBTQ+ people are moving or considering moves from hostile states.
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