What Is the Purpose of the Chamber of Commerce?
According to the American Chamber of Commerce Executives, a chamber of commerce seeks to further the business interests of its community, while also advancing its community, state, region or nation. Although chambers differ, they usually have the following goals: building attractive communities, ensuring the advancement of the community via a pro-business climate, promoting the community, representing the voice of the business community, and reducing transactional friction by maintaining a network.
Chambers of commerce typically use their influence to further business and commercial interests, especially if the government or laws threaten to impede the community’s business interests. Appropriately, many consider the chamber’s ability to influence government and elected officials one of its most important functions. Furthermore, chambers of commerce have an interest in building and promoting local businesses in the hopes that the success of the business leads to prosperity in the community. In other words, chambers are advocates of the community at large.
Chambers of commerce also disseminate information about local and federal laws that affect community business. This indicates that monitoring regulatory activity that impacts local business is another primary function. In addition to gathering information, chambers also offer their members tips on how to manage their businesses, especially in regards to regulatory changes.