Small firms key to Indy Chamber membership drop

Indy Chamber sees membership decline as small companies hit by recession stay away
Posted on July 20, 2014 at 12:00 a.m. | Updated on July 20, 2014 at 4:05 a.m.

INDIANAPOLIS (AP) — A key Indianapolis business group has seen its membership fall nearly 20 percent in the last three years, but officials say its revenues remain healthy.

The Indianapolis Business Journal reports (http://bit.ly/Wfk9EZ ) the Indy Chamber has lost 19 percent of its members since the start of 2011 and expects the decline to continue.

But leaders of the group say they have a plan to manage the decline by targeting key members who will buy in at higher rates in exchange for access to more exclusive events.

Chief Operating Officer Melissa Cotterill says the recession forced many small companies to leave the chamber, and most haven’t returned.

The Indy Chamber ended 2013 with more than 2,400 members. That’s down from just over 3,000 in early 2011.

Information from: Indianapolis Business Journal, http://www.ibj.com

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