Understanding Boards of Trade and Chambers of Commerce in Southwest Nova Scotia

Introduction

Boards of Trade and Chambers of Commerce are vital organizations that play a crucial role in supporting and advocating for businesses within their communities. While the terms are often used interchangeably, there are subtle differences in their origins and focus.

Defining the Terms:

• Boards of Trade: Historically, Boards of Trade primarily focused on local economic development and trade within a specific region. They often have a strong emphasis on networking and fostering relationships among local businesses.

• Chambers of Commerce: Chambers of Commerce typically have a broader scope, encompassing a wider range of activities beyond local trade. They often engage in advocacy at the provincial and national levels, provide educational resources for businesses, and play a significant role in community development.

While the distinctions between the two can be nuanced, both organizations share a common goal: to create a thriving business environment that supports the growth and success of their members.

Key Benefits of Membership:

• Advocacy: Both organizations advocate for policies and initiatives that benefit businesses, such as improved infrastructure, reduced regulations, and access to skilled workers.

• Networking: Members gain valuable connections with other businesses, fostering collaboration and potential partnerships.

• Business Development: Access to resources, training programs, and expert advice to help businesses grow and succeed.

• Community Engagement: Opportunities to contribute to the economic and social well-being of the local community.

Accreditation:

• The Chamber Accreditation Council of Canada (CACC) sets rigorous standards for excellence in Chamber operations.
• Accredited Chambers, such as the Annapolis Valley Chamber of Commerce, the Yarmouth Chamber of Commerce, and the Truro & Colchester Chamber of Commerce, demonstrate a commitment to high standards of governance, member service, and community leadership.

Joining a Chamber or Board of Trade:

Joining your local Chamber or Board of Trade can be a valuable investment for any business. It provides a platform to connect with other businesses, advocate for your interests, and contribute to the economic growth of your community.

About the Atlantic Chamber of Commerce:

The Atlantic Chamber of Commerce represents the collective interests of businesses across Atlantic Canada. It provides a regional voice for businesses in Newfoundland and Labrador, Nova Scotia, Prince Edward Island, and New Brunswick.

It is important to recognize that there is no requirement to be accredited, or to join the Atlantic Chamber of Commerce, it is strictly optional. Joining will make sense depending on the unique needs and ambitions of each Chamber.

Further the Atlantic Chamber of Commerce has no jurisdiction over Chambers or Boards. The ACC can be a valuable source of assistance for Chambers.

History of the Atlantic Chamber of Commerce:

• 1896: 10 affiliated Boards of Trade in the Maritime Provinces formed the Maritime Provinces Board of Trade.
• 1974: The Maritime Provinces Board of Trade and the Newfoundland Chamber of Commerce joined forces to become the Atlantic Provinces Chambers of Commerce (APCC).
• 2013: The APCC transitioned to the Atlantic Chamber of Commerce Inc., streamlining its operations and enhancing its ability to serve the needs of businesses in the region.

The Atlantic Chamber of Commerce plays a crucial role in:

• Advocating for policies that support business growth and economic development across the Atlantic region.
• Providing a platform for collaboration and information sharing among businesses in the region.
• Representing the interests of Atlantic Canada on national and international stages.
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Key Points:

• Boards of Trade and Chambers of Commerce are vital organizations that support businesses and drive economic growth.
• Membership in a local Chamber offers numerous benefits for businesses, including networking opportunities, advocacy, and access to resources.
• The Atlantic Chamber of Commerce represents the collective voice of businesses across Atlantic Canada.