Esperance Chamber of Commerce board to adapt to changing economic conditions

Challenging times: After confirming a reduction in sponsorships, The Esperance Chamber of Commerce and Industry’s executive board said they would be updating their ongoing strategy to adapt. Photo: Stock Image.
Challenging times: After confirming a reduction in sponsorships, The Esperance Chamber of Commerce and Industry’s executive board said they would be updating their ongoing strategy to adapt. Photo: Stock Image.

The Esperance Chamber of Commerce and Industry’s executive board said they would be updating their ongoing strategy to adapt to changing economic conditions, after confirming a reduction in sponsorships.

Esperance Chamber of Commerce and Industry president Lloyd Goddard said the not-for-profit, which is funded by its membership and corporate sponsorships, lost a generous sponsorship from Cliffs Resources following the mining giant’s exit from the region.

“Business owners are fully aware that economic factors play a big role in how we survive and move forward and the chamber has also had to adapt to changing economic conditions,” he said.

“With the changing economic conditions we have seen a reduction in those sponsorships which has required us to adjust and update our ongoing strategy and income projections.

“We had a generous sponsorship from Cliffs Resources which has ceased only due to their closure.”

Thorp Realty principal Brett Thorp said the chamber was very important in providing a strong voice for the business community and support during hardship.

“I think it’s very important to have a strong chamber, a strong voice for the business community,” he said.

“You’ve got a lot of businesses that are finding it difficult to survive in this current economic climate and they really don’t know who they can go to for support – chambers offer that support in times of hardship.

“They play an important role, especially in smaller areas like Esperance.”

Mr Goddard thanked previous and current sponsors and members and encouraged all businesses to consider the benefits of being a member and holding a position on the board.