Possible economic impacts of new abortion law

Possible economic impacts of new abortion law
City of Birmingham, Alabama (Source: WBRC Staff)

BIRMINGHAM, Ala. (WBRC) - The most restrictive abortion ban bill in the country was signed by Governor Kay Ivey Wednesday afternoon. Some people are concerned about the financial impact of the law, but others are not.

Alabama and Birmingham have been locations for movies in recent years bringing in tax dollars.

“If they have been conceived, they have rights,” Jefferson County Commission President Jimmie Stephens said. Stephens is pro-life.

The commissioner works to lure all kinds of businesses to Alabama. While there has been a threat to boycott movies in Georgia because of abortion restrictions, Stephens does not believe the abortion ban will affect our state.

“The incentives we have been able to offer the film industry I think would more than offset their personal feelings according to abortion,” Stephens said.

The abortion debate has been heated in Montgomery and created national news across the country and the world.

Bob Robicheaux, a retired UAB business expert, said the abortion law could be a concern for some companies. “I do think they do have a concern and should have a concern,” said Robicheaux.

Robicheaux said some companies look at the culture and impact on future employees where they locate. “It will harden opinions. People who have favorable opinions about Alabama who agree with this decision will think more favorably and those who have negative opinions will think more negatively,” Robicheaux said.

Still, Robicheaux agrees with Stephens that most businesses look at the bottom line and financial impact first.

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