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Chamber of Commerce
A Chamber of Commerce is a form of business network.
A chamber of commerce is a voluntary
association whose membership is comprised of companies, civic leaders,
and individual business people. Its members seek to promote the
interests of business, typically in a broad-based way. Chambers
of commerce exist on municipal, state, regional, national, and even
international levels. Today, chambers of commerce—sometimes
called boards of trade or commercial associations—can be found
in most of the world's industrialized countries.
The first chambers of commerce were founded in 1599 in continental
Europe . The world's oldest English-speaking Chamber of Commerce
is that of Glasgow, Scotland, that was established in 1783.
Membership in an individual Chamber in an area can range from a
few dozen to well over 300,000. Some Chamber organizations in China
report even larger membership numbers. Businesses which belong to
a Chamber of Commerce can range from a single city or town Chamber,
to a county Chamber, to a Regional Chamber of Commerce to billion-dollar
corporations .
The chambers do not operate in the same manner as the Better Business
Bureau in that, while the BBB has the authority to bind its members
under a formal operations doctrine (and, thus, can remove them if
complaints arise regarding their services), the local chamber membership
is strictly voluntary.
Chambers of commerce also can include economic development corporations
or groups (though the latter often is a formal branch of a local
government, the groups work together and may in some cases share
office facilities) as well as tourism and visitors bureaus.
Some chambers have joined state, national, and even international
bodies (such as EUROCHAMBRES, the International Chamber of Commerce
(ICC) and Worldchambers). In the majority of countries, the use
of the term "chamber of commerce" is regulated by federal
law. Currently, there are about 13,000 Chambers registered in the
official Worldchambers Network registry, and the Chamber of Commerce
network is the largest business network globally.
At the national level, chambers
of commerce function as a unified voice for their affiliates. The
U.S. Chamber of Commerce, for example, counts individual companies,
affiliate chambers of commerce, and trade and professional associations
among its members. Through them, it represents more than three million
business organizations and individuals. Founded as a national federation
in 1912 and headquartered in Washington, D.C., the national chamber
was instrumental in persuading the federal government to institute
a national budget and in gaining passage of the Federal Reserve
Act. Its chief aims are to: stop perceived over regulation; push
down business taxes; improve labor relations; increase production,
develop new markets; provide more jobs; raise educational levels;
build better cities; and keep organized business strong and increasingly
effective. |
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