Did you know that the third Wednesday in October is national Support Your Local Chamber of Commerce Day? There are over 140 local Chambers of Commerce in Arkansas and much of their focus is to foster and encourage growth of existing and new businesses in their communities. Eight percent of small businesses fail because of lack of networking and local Chambers are a major avenue for increasing a network.
Small businesses have a lot to gain from the resources their local chambers have to offer as they are one of the first entities to recommend their member businesses to the public. They also serve as a liaison between businesses, government, education, and public service. Local Chambers help small businesses increase community visibility.
The Arkansas State Chamber of Commerce, as part of its involvement with the Arkansas Business Navigator program, has been working with local Chambers to bring small businesses resources and advice to smaller, rural communities. We’ve brough information on marketing, investing, taxes and insurance, and how to access financial resources. We have had great turnouts for our events in Greenbrier, Sherwood, De Queen, and Booneville. We are looking forward to wrapping up the year in communities such as Paragould, Newport, Texarkana, Morrilton, and more. These Chambers are vital to successful events. Their leaders have secured panelist for our events, as well as, helped promote the events locally. Most Chamber executives work to have knowledge of area resources such as the Arkansas Small Business and Technology Development Center or U.S. Small Business Administration so they can better refer their members to experts for small business advice. When Chamber leaders do not know an answer, they find someone who does.