(NOTE: After the Board meeting, on September 20, the US Chamber along with the Texas Association of Business, National Automobile Dealers Association, the National Association of Manufacturers, National Association of Wholesaler Distributors, National Federation of Independent Business, National Retail Federation, and more than 50 other national and Texas business groups, filed a legal challenge to the Obama administration's overtime rule, arguing that Department of Labor (DOL) exceeded its statutory authority in issuing the regulation and violated the Administrative Procedure Act).
The Board reviewed three executive search company proposals. They selected Dowell Management to head the search for a new president & CEO. Larry Dowell managed chambers in Minnesota for over 30 years before starting his own firm. He also facilitated the Eau Claire Chamber’s strategic planning session last December and is very familiar with this chamber. Plus his company manages Momentum West and they are very familiar with the area. It is expected the position opening will be announced in late November and the process will begin in January with a new person hired by mid April. Mark Faanes, Wipfli was named the chair of the search committee.
A request from Clear Vision for financial support for the Poverty Summit was reviewed. The Board is supportive of the effort and will send out notifications of when the meetings will be held but the Chamber is not able to provide financial support.
The Chamber named Scott Biederman, Profitable Transitions, Zach Halmstad, JAMF Software and and Lynn Thompson, Eau Claire Energy Cooperative to represent the Chamber Economic Development that the City and County are hosting in late October.
The Board received a report from Bob McCoy’s meeting with the US Chamber.
Entitlement spending is projected to rise rapidly, either crowding out discretionary spending or leading to overall spending levels far beyond historical norms. If overall spending levels hold, then entitlements and interest on the debt will account for 96% of all federal revenue by 2026, leaving just 2% for discretionary spending without running a deficit, according to Congressional Budget Office projections. It is unreasonable to allocate only 2% of revenues to discretionary spending, and so total outlays exceed revenues throughout the forecast horizon and the budget deficit is projected to surpass $1.3 trillion in 2026 as a result.
The Chamber will be announcing some new sponsorships in October. Members will be able to view the entire sponsorship package in October.
There will be 51 people traveling with the Chamber to China on October 20.