The best future of chambers speakers and EDC futurists note that tomorrow’s business world looks bright for Chambers of Commerce, though changing, as they adapt to new economic realities and business needs. A few predictions around their future evolution include:
- Greater focus on digital connectivity – Top future of chambers speakers say that COCs will provide more networking/training opportunities via digital platforms and help businesses adopt new technologies. Virtual events will complement in-person.
- More diverse membership – Chambers will broaden beyond just businesses to include nonprofits, educational institutions, government agencies, and individuals to gain a broader perspective.
- Increased advocacy and policy – With economic uncertainty, future of chambers speakers note that organizations may play a bigger role in advocating policies friendly to business interests locally and nationally.
- More public-private partnerships – Local leaders will collaborate with government on economic development initiatives, infrastructure projects, job training, and finding solutions to community issues.
- Expanded community building – There will be greater emphasis on promoting equity, sustainability, smart development, quality of life, and solutions to social issues within their communities say future of chambers speakers.
- Targeted programs and services – Offerings will become more specialized with tailored programs for startups, women-owned business, global trade, etc. focused on unique needs.
- Innovation spaces and incubators – Some Chambers may provide co-working spaces, incubators, accelerators, and innovation hubs as part of economic development.
- Hyperlocal focus – As big data and digital tools enable micro-targeting, note future of chambers speakers, COCs can provide highly customized services addressing specific neighborhood needs.
- Closer alignment with workforce development – Chambers will partner with schools/colleges to close skills gaps and align training programs with business workforce needs.
All looks well ahead say future of chambers speakers, noting that Chamber of Commerce groups function as key community connectors, conveners, advocates and providers of value-added services to local businesses and economies.