Chambernomics: information for Chamber members
Its been quite a busy couple of weeks here at the Chamber. Between the arrival and initial mailing of our magazine Discover the Jewel of the Maine Coast® and the Business & Community Expo the staff have been putting in long hours and working on a multitude of projects on top of their regular duties. Add in the cadre of regular volunteers and members who have stepped up to help with projects and the Chamber offices- usually hives of activity on a normal day- have been humming with energy and hard work. Without the dedication of the staff your Chamber would not function. Please take a moment to join me in thanking Shari, Robin, Sarah, Kathie, Phelps, Alicia, and Karen the next time you see them for the incredible efforts they put forth on your behalf. The volunteers and members...
Membership in a chamber of commerce is a great investment. For all but the very largest businesses, annual membership dues work out to less than the cost of a cup of coffee a day, and even then flexible payment plans are usually available. The value returned on that dues payment bears thinking about once in a while: it is quite incredible!
With that dues investment a chamber member gets a great range of services. There is the immediate access to marketing and promotion through the website, social media, the regional guide, and information centers in Camden and Rockland: all three tools provide great exposure and referrals for all businesses, regardless of size or industry. There are the Chamber staff and volunteers, tireless advocates for your business with customers both...
Good news via the Midcoast Economic Development District:
Businesses in municipalities that are members of the Midcoast Economic Development District will have access to revolving loans, after that body voted to expand its program. Prior to the vote to open the loans up to all district communities, those funds were only accessible to businesses in the Sagadahoc County towns of Brunswick and Harpswell.
Under recently issued federal guidelines, MCEDD's boundaries were expanded to include all of Knox County and seven municipalities in Waldo County.
Camden Development Director Brian Hodges made the announcement at the Feb. 7 Select Board meeting.
Hodges said the U.S. Department of Agriculture Rural Development Intermediary Relending Program's...
To mark its 50th anniversary Maine Maritime Museum, supported by a grant from the Maine Office of Tourism, is pleased to announce a multi-layered marketing campaign to promote Maine's Maritime Heritage throughout the summer of 2012. By partnering with local communities, chambers, non-profits and businesses, Experience Maritime Maine! will advance the idea of Maine's Maritime heritage as an exciting and alluring, conveniently-packaged experience for cultural tourists. Experience Maritime Maine! will focus on the breadth of maritime and coastal lifestyle activities such as visits to historic sites and museums, family-fun festivals, celebrations of coastal food, outdoor recreation, art installations and scenic travel. The project will bring information together...
A couple of years ago when Hurricane Earl appeared to be bearing down on Maine on the eve of Labor Day weekend, those of us charged with organizing the annual Windjammer Festival gathered on the deck of the Camden Chamber office to discuss contingency plans. After consulting the public safety folks and meteorologists it was decided with great reluctance to delay the start by 36 hours.
“But this means the many windjammers won’t be able to attend!” noted a couple of dissenting committee members. “Half the fleet won’t be in the harbor!”
For more than a few of us this meant a diminished festival with less of a draw for locals and tourists alike. We began to bemoan our fate when one wise committee member spoke up.
Via the Bangor Daily News:
Tourism dollars are essential to state’s economy
By Ronald A. Nykiel
John Maynard Keynes verified the concept of the “multiplier effect” in his economic studies in the 1930s. The concept has perhaps the greatest applicability in the tourism industry.
Tourists spend money on travel, lodging, food and beverage and in retail stores thus creating direct income, government revenue (taxes) and employment. There are more effects such as money spent on supplies, inventory replacement, and all the other products and services that supply the place where the tourist spends. All of these subsequent places are classified as indirect or multipliers of the original dollars spent.
One of the facts of life for those of us who live in a state tucked all the way up in the northeastern corner of the United States is that we really are in no position to sit back and wait for the world to come to us. Previous generations certainly understood this and used this knowledge to build a fine economy, as is evidenced by the elegant sea captains’ homes and lumber barons’ mansions that line both ocean front and river roads throughout Maine. Given the tough recovery the state and national economies are currently enduring I certainly understand the temptation to turn away from the somewhat frightening prospect that our future prosperity will be dictated beyond our own borders and become an introverted, protectionist, and ever-more homogeneous place. That being said...
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