What Does a Chamber of Commerce Really Do?
You have probably heard about your local chamber of commerce, but do you know what they do? A chamber of commerce is an association of businesses and volunteers dedicated to promoting the business community in the area. Below you will find out how they function and explore why you should consider joining one.
What is the Function of a Chamber of Commerce?
Chambers exist on the national, state, and local levels. The U.S. Chamber of Commerce is the largest lobbying group in America, spending more money than any other lobbying organization. State chambers focus on statewide advocacy for regulations and legislation. However, local chambers of commerce don't usually spend their time and money lobbying political outcomes. Instead, they focus on local issues. They may cooperate with local government on pro-business initiatives. They primarily focus on looking out for the business interests in the area and making the local community more attractive to residents, visitors, and investors. Members of the chamber have a common goal of sustained economic prosperity in the area.
Why Should Someone Join a Chamber of Commerce?
Millions of businesses across the country are members of their local chamber. Members voluntarily join and pay dues to the entity, but what are the benefits?
- Increased visibility & credibility: Research shows customers see businesses that are members of a chamber as more credible and trustworthy.
- Small business marketing: Chambers offer the opportunity to market your business through community events, print ads, social media, and other means.
- Group discounts: Chambers of commerce grant businesses access to discounts on accounting services, advertising, insurance, office supplies, and more.
- Networking events & opportunities: When you join a chamber, you can network with other businesses who are members and develop valuable partnerships.
- Business development: Chambers of commerce often hold seminars, workshops, and other events with training and information about leadership and additional professional development.
If you are a business owner or community member in Woodford County, KY, consider joining the Woodford County Chamber of Commerce. For more than 80 years, this non-profit organization has provided business networking opportunities, aided small business development, and hosted community events. Call (859) 873-5122 to learn more about becoming a member or visit their website to see their community events calendar.