September 17, 2020

Recommendation on Proposed Center for Economic Growth Affiliation

The Capital Region Chamber and the Center for Economic Growth (CEG) informed their memberships in June that their boards had formed a Joint Task Force to consider potential affiliation. After conducting a comprehensive due diligence review, we are pleased to report that both Boards have concluded that it would be in the best interest of the shared missions of each organization for CEG and the Capital Region Chamber to align under one organizational structure with a unified vision and coordinated strategy.

The organizational structure of the Capital Region Chamber was intentionally designed to be inclusive and welcoming of other aligned organizations that may wish to affiliate.

Under the affiliation model being recommended, CEG would retain its identity and remain a legal entity, whose sole member would be the Capital Region Chamber. CEG would have Board of Directors and also have representation on the regional Chamber board.

CEG will continue to provide regional economic development services such as advising businesses on sites and incentives, providing regional economic data and analysis, and supporting the Regional Economic Development Council and regional economic development strategies. CEG will remain the Federally designated Manufacturing Extension Partnership (MEP) Center and support the Chief Executives Network composed of area manufacturers.

Next steps: the Board of CEG has recommended affiliation to their membership. Their members are encouraged to vote via proxy or in-person at a special meeting on October 6. No action is necessary by members of the Capital Region Chamber for the affiliation to occur as it aligns with our organizational vision and mission.