Press Release:
Special Membership Report: NW Valley Chamber's Explosive Third Quarter Results Highlight Rising Influence and Value
Summary
As we reflect on the impressive third-quarter results, it is clear that the Northwest Valley Chamber of Commerce is not just growing; it is thriving. The remarkable increase in membership dues and the introduction of innovative programs underscore our commitment to serving the needs of our members and the broader business community.
Details
The NW Valley Chamber of Commerce has released its third-quarter board report, projecting 2024 to deliver another budget-breaking year. This announcement accompanies an extraordinary 256% increase in membership dues from 2020 to 2024. This remarkable achievement underscores the Chamber's growing influence and value among local businesses, benefiting members and the entire community.
Raoul Sada, President and CEO of the Chamber of Commerce, expressed his gratitude: "We are blessed to see our record growth levels increase year after year. Our success is rooted in listening to our members and the business community, adapting, and improving our programs based on their changing needs."
Sada added, "The Chamber has experienced significant growth over the past several years, and based on our 3rd quarter results, 2024 is no exception. This five-year growth streak is set to break records not seen in 60 years, fitting as we celebrate our Diamond Anniversary this year."
Mary Orta, VP of Operations and Marketing for the Chamber, highlighted the Chamber's innovative approach: "With input from the business community, the Chamber has pioneered several unique initiatives.
"We offer services like Chamber Academy & Networking, utilizing academic faculty from Ottawa University. Our ChamberAssist platform provides business resources and Chamber information on a 24/7/365 basis. Additionally, our signature direct-to-consumer events have become the most popular activity among our members. These programs are exactly what businesses are looking for, and our growth speaks to that." said Orta.
Key Highlights Reported:
- Budget-Breaking Growth in 2024: Projected dues for 2024 are anticipated to show a remarkable 38% increase compared to the previous year. This achievement marks five consecutive years of exponential growth, establishing the longest and largest growth streak in the Chamber's history and reflecting a robust and thriving organization.
- Impressive Membership Dues Surge: From 2020 to 2024, our membership dues have skyrocketed by 256%, highlighting the Chamber's expanding influence and appeal within the community.
- Consistent Annual Growth: We have experienced significant annual increases of 54% from 2021 to 2022, followed by another 58% from 2022 to 2023, demonstrating our ongoing development and commitment to serving our members.
Why This Growth Matters:
- For the Community: The Chamber’s expansion signifies a thriving local economy and a vibrant business community, driving economic prosperity and job creation.
- For Members: Membership growth enhances the value and networking opportunities available, allowing businesses to thrive through increased collaboration and support.
- For the Business Community: A more vital Chamber means better advocacy, more robust programs, and more significant support for small businesses, ultimately fostering a more dynamic and resilient business environment.
Orta stated, "Our remarkable growth stems from introducing innovative services and programs unique to our Chamber. While our core benefits have remained relatively consistent, these new initiatives have significantly enhanced the quality of our offerings and broadened the range of services available to our members and the business community.
Otra also stated, "We are committed to listening to our members by actively seeking their feedback through surveys, which help us rank and evaluate our programs. This ensures that we are delivering exactly what they need."
The report to the board highlighted six unique offerings driving this growth:
- Unmatched Support: The 24/7/365 Chamber Assist program offers round-the-clock support, ensuring your business never has to wait for assistance with general business resources or Chamber events. This saves businesses time and minimizes research-related downtime.
- Stay Independent: Our Government-Free Guarantee ensures your business interests are represented without external pressures, allowing you to make decisions that best benefit your company without governmental influence.
- Integrity First: The Code of Networking Ethics creates a professional and respectful environment that builds genuine connections, leading to sustainable business relationships and growth. The Chamber was the first and only Chamber to instill a professional code for networking at Chamber events, driven by member survey comments.
We can foster a vibrant economic landscape that benefits everyone in the Northwest Valley. As we move forward, we remain dedicated to listening to our members and adapting to their needs, ensuring that the Chamber continues to be a vital partner in their success.
Thank you for being a part of our community and your continued support as we work towards a prosperous future for all.