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Consider Your Chamber As a Resource for Economic Development Trends and Strategies
Businesses, organizations, governments, and the news media routinely ask your Monterey Peninsula Chamber of Commerce for insight on regional economic development trends and strategies. To serve our members and the public, the Chamber identifies, collects, and maintains documents and information that show Monterey County economic trends and strategies.
To help our awareness of specific components of the regional economy, your Chamber maintains positive relationships with other organizations. For example, on June 13 your Chamber President & CEO Monica Lal attended and provided Chamber perspectives in the “Strategic Roadmap Stakeholder Input Forum” for See Monterey (the former Monterey County Convention and Visitors Bureau). Monica is also a member of the California Chamber of Commerce Board of Directors and receives regular briefings in Sacramento about the economic status and direction of California.
Meanwhile, your Chamber’s Government Affairs Liaison Kevin Dayton monitors Monterey County local governments and tracks their economic development strategies and reports. For example, on June 11 the Monterey County Board of Supervisors received an annual presentation and report on the progress of the county’s Comprehensive Economic Development Strategy (CEDS). As stated in the staff report to the Board of Supervisors from Monterey County Economic Development Manager Richard Vaughn, “the Year 2 update presents new data analysis to provide a snapshot of the current economic landscape across the County and to inform near-term economic development planning.” The latest annual report confirmed an ongoing sluggish recovery for the county’s hospitality and tourism industry.
Finally, your Membership Development Manager Kasey Ashurst continually receives insight from Chamber members and prospects about the issues and challenges facing individual companies in the region. Accumulated tips about what’s actually happening at the ground level can provide a perspective on business that economic data sets may not reveal. For example, the Chamber knows that demand for affordable, quality child care in Monterey County continues to exceed supply, and this situation continues to discourage parents from entering the workforce while reducing the pool of potential employees for businesses. Knowing the Chamber’s interest and leadership in child care policies, the Monterey County Board of Supervisors in 2023 appointed your Chamber President & CEO Monica Lal to the First 5 Monterey County Commission.
The Chamber’s Economic Vitality Committee is the committee assigned with the responsibility of creating, maintaining, and distributing information about economic development trends and strategies. If you are interested in this committee or this topic in general, please contact Monica Lal at 831-648-5350 or at monica@montereychamber.com.
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