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New Resources for the IBC

Release Date: 7/06/2012
At a Special General meeting, to be held on June 28, the Illawarra Business Chamber is asking its members to support a closer relationship with the NSW Business Chamber. The new arrangements will also see the local organisation receive a significant boost to its policy resources.

“The IBC has always been a strong advocate for the region. But a lack of resources has constrained us in terms of the level of research we’ve been able to do. This new deal will change all that,” said Mr Michael Bassingthwaighte, Vice President of the Illawarra Business Chamber.

Under the arrangement the NSW Business Chamber will provide additional funds for policy staff and specific research projects.

“Increasing our research capacity is particularly important at this time, when the region is facing such significant economic change.

“We are positive about the future prospects of the region, but we need to make sure we get the policy settings right so the Illawarra can develop and prosper, despite the decline of its traditional heavy manufacturing base.

“The IBC is already the region’s leading business group, with over 700 members that come from a range of business sizes and sectors. This additional funding allows us to provide more support to our members and make an even greater contribution to the future of the Illawarra,” concluded Mr Bassingthwaighte.

The NSW Business Chamber is also looking forward to forging even closer links to the Illawarra.

“Coming from the Illawarra, I understand the importance of this region in terms of both the NSW economy and the state-wide Chamber movement,” said Mr Terry Wetherall, President of the NSW Business Chamber.

“The additional funding and the new governance structure will result in IBC and NSW Business Chamber combining their resources and expertise, to deliver a strong agenda for the region and to conduct research to inform important areas of policy and economic development in the Illawarra,” concluded Mr Wetherall.

The IBC Board is recommending members support the proposed constitutional changes.

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