Chambers of commerce are associations of businesses which exist to influence and lobby government on issues impacting on business. Key policy areas in which chambers of commerce are concerned include:
- Global trade
- Industrial relations
- Occupational health and safety
- Workforce education and training
- Business taxation and regulation
Chambers of commerce generally operate under a multi-level membership structure, with state, regional and/or local chambers being members of national chambers of commerce along with individual businesses.
The policy direction and overall governance of chambers is the responsibility of a governing board, typically known as a board of directors. These boards are elected regularly from within the membership base of the chamber, usually at the chamber’s annual general meeting.
Owing to the fact that chambers of commerce operate across vast areas such as regions or nations, online voting presents a great opportunity to increase voter turnout in chamber elections. By doing so, boards of directors in chambers can increase their democratic mandate to run their organizations on behalf of all members.
Importance of Chambers of Commerce
Among the benefits chamber members receive are deals and discounts from other chamber members, listing in a member directory, and a variety of other programs and services designed to promote business activity in a region.
Chambers of commerce also play an important role in local municipalities in promoting business activity and representing chamber members. At least at the local level, chamber of commerce members often meet to discuss and attempt to shape policy that relates to the business and overall economic environment. Members also receive the distinction of being a preferred local vendor, as well as listing on various municipal websites and literature.
Conclusion
Many chambers of commerce rely on membership dues as their primary source of revenue. Most chapters offer various levels of membership at different prices with different benefits for their members.
Every member is required to pay dues, which help cover the organization’s overall operating costs. Chambers may also hold fundraising events in order to raise additional funds or require the special purchase of tickets to attend their events.
Typically, chambers of commerce are designated as 501(c)(6) corporations for federal tax purposes. This classification allows chambers of commerce to operate as nonprofit entities, while also giving them the authority to represent their members in policy matters.