The Chamber cited years of financial challenges and declining relevance of its traditional business model as the reason for the decision.
“We have operated believing wholeheartedly in a future where the Chamber could thrive and serve this community with strength and stability, but our current business model appears to have increasingly less relevance,” the board said in a statement.
The Chamber expressed “deep gratitude and a heavy heart” over the decision, saying that despite cost-cutting measures, including selling its building, relocating to Phelps Plaza, and reducing staffing hours, it could not acheive long-term sustainability…