4 Reasons to Join the Chamber in a Time of Economic Uncertainty
4 Reasons to Join the Chamber in a Time of Economic Uncertainty
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In times of economic uncertainty people aren't always looking for new ways to spend money. Especially if you are a business owner, chances are you are tightening your belt a little. However, there are some investments in your business that even when you’re worried about cash flow, are worth the return. They are investments in necessities - software, services, resources - and without these essentials you couldn’t operate. Chamber membership is one of those necessary business investments and needs to be thought of as such. Here’s why:
Uncertain Times Mean Unprecedented Business Challenges
According to a survey released in early January by the National Association for Business Economics, more than half of respondents believe the U.S. is headed toward a recession within the next 12 months. An additional 11% of those polled think the economy is already in a recession. (A recession is commonly defined as two consecutive quarters of shrinking growth). The full severity and depth of the possible recession are matters of debate among most economists and market experts, but the effects can undoubtedly be felt. Growth is slow and costs are up.In times of economic uncertainty, businesses have greater needs than usual. Questions on how to navigate loan repayment, advice on marketing insights, or even help with growing their workforce, these are all issues that the Chamber can provide assistance with. It helps to have a partner looking out for your best interests. The Chamber is in a unique position to provide that assistance for a minimal investment.
The Hidden Job Market
One of the reasons economists are slow to call what we’re in currently “a recession” is because the job market on average remains strong. Employers are hiring. Sometimes their hiring needs are even outpacing available, skilled candidates.Through Chamber membership, you receive two types of job assistance—help in finding positions and candidates. If you’re looking for a job, you can network and locate available opportunities in the hidden job market (before they become available). Membership helps you get to know hiring managers and business owners, making a job search much easier and improving your chances of finding your dream job.
On the other hand, as a hiring entity, you will be in a solid position to get to know potential job candidates who aren’t actively looking for work. This is often one of the easiest ways to find top performers. Plus, connecting with possible job candidates on a professional level outside of the office can assist you in getting to know them better than you would through a 30-minute interview. This helps to ensure a stronger hire and better fit for your organization.
A third, bonus assistance through the HP Chamber is our developing Workforce Developement Initiative in partnership with TrueNorth Cooperative 804. Often a great way to help with staffing shortages is by acessing previously untapped labor pools. We are working to offer that hiring pipeline directly to you. Contact the Chamber today regarding more info on this opportunity.
Public Sector Assistance & Advocacy
Whether you have your eye on pro-business legislation or are worried about a zoning issue, like anything else, business often goes your way based on who you know. As a chamber member, your concern over business—your own or the entire business community—is amplified. The Chamber is a Champion for our members and actively works to amplify their force. When the Chamber speaks to city, state, or federal leaders, they are speaking on behalf of all businesses. This gives your concerns more power among elected leaders.The Chamber may also be able to help by placing your request in context in the larger picture. The zoning problem you’re having isn’t just about your business property but all properties moving forward. The Chamber is well-suited to propose “if, then” scenarios that can help you get the assistance you need quickly.
Economic Development
While economic development of the area may not seem like a pressing issue in your mind right now, it helps keep you in business, regardless of your industry. A rising tide lifts all ships as they say, and the growth of a community directly impacts the prosperity and longevity of each and every individual business. A strong local economy can help maintain prosperity even when the national economy is struggling like the minority-business owners did along Auburn Avenue in Atlanta in the 1930s. While the rest of the country was experiencing the dark crash of ’29 and subsequent depression, Auburn Avenue thrived because its interests were protected.The Chamber is always dedicated to building community and ushering in smart economic growth so everyone can thrive. Chamber membership not only safeguards your business interests and helps you achieve your own goals but improves the business community, and thus the community, for all. If you are not already, be a part of the Chamber today. Invest in your business by investing in the work the Chamber does for all business.
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