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CC - Item No. 3A - Rosemead Chamber Budget Workshop PresentationRosemead Chamber Budget Workshop Presentation Amy Wu and Robert Oehler Prepared by: Min Wang Presented by: Request ■ One time business loan repayable over 5 years Purpose ■ Enable Chamber to refine / implement Chamber Business Augmentation Action Plans Support 12 -month plamore dynamic programs, closer working with Members for increasing value and revenue with and City of Rosemead, and overall increase of the effectiveness and higher profile of the Rosemead Chamber of Commerce. Action Plans Increase Value to Rosemead Business Community and the City of Rosemead supported by the Memorandum of Understanding with the City. Banner Program Corporate Citizenship Award, Business Person of the Year Awards Chamber and City Caravan ® Legislative and Community forums, workshops Action Plans 1. Increase Value (cont.) ■ Partnership in Southern California Edison Energy - Walk Program to promote free direct install program, California American Waters for water conservation practices, Promote City safety and facade improvement programs, etc. Support City initiatives such as Rosemead downtown district to increase tourism, LADEC vote for Rosemead "Most Business Friendly City", League of the Cities signature petitions to stop states from raiding local funds. • Partnership in organizations to build a stronger business community (Rosemead Kiwanis, Rosemead Partners, Dinsmoor House, Valley Association of Chamber Executives, and etc.) • Rosemead Business Assistance Center (MOU with Univ. of the West) 12 — Mo. Revenue Action Plans 2. Commitment to Increase Revenues Increase memberships by 50 -75 (currently at 215) with board commitment help, members, and other sources. ($12,000 +) Refocus Business Caravan (gain members/ retention) • Achieve 3 successful revenue generating events ($12 5 000+) • Increase Advertising in Rosemead Report ($6,000) • Total: $30,000+ Revenue Increase Conclusions ■ Return on City Support for Chamber Augmentation 4 Business Strength and Financial Stability Increased Chamber Community Value 1- A Strong Chamber sets a Strong Business Community