RALEIGH, N.C. — North Carolina has rolled back a state law that blocked some anti-discrimination protections for LGBT people, but questions persist whether politicians have done enough to coax back the businesses and sports leagues who withdrew lucrative plans from the state.

Initial reactions were largely muted on Thursday’s compromise repeal that seems to have pleased no one, and which advocates say still leaves gays, lesbians and transgender people vulnerable to discrimination.

The law passed by the Republican-led legislature and signed quickly by Democratic Gov. Roy Cooper repeals the best-known section of House Bill 2: a requirement that transgender people use the public restrooms that correspond to the sex on their birth certificate.

HB2 supporters argued that the law was needed to preserve people’s privacy and protect them from sexual predators. Opponents said that was nonsense and that the danger was imaginary.

At stake is whether the repeal legislation was enough to persuade some businesses, state and city governments and sports organizations including the NCAA to end their de facto boycott of North Carolina. An Associated Press analysis this week found that the law would cost the state more than $3.76 billion in lost business over a dozen years.

“House Bill 2 stopped a number of businesses from expanding here or coming here to North Carolina,” Cooper said at a news conference after signing the repeal. “Companies that I have talked to, companies that I have recruited, who were hesitant or refusing to bring businesses to our state before the passage of today’s bill now are telling me: We are coming.”

Consultants who advise companies looking for a good place to build operations and create jobs were divided on whether North Carolina had turned a page.

Companies seeking to avoid business risks and costs generally avoid places embroiled in turbulent social issues, said Paige Webster, a site selection consultant in Phoenix, Arizona.