Circulation of the Almighty Dollar Back in Black More than just an AC/DC song, it’s a shout out for celebration as MCC returns to a black-operating budget after four plus years in the red. With the success of the Get Linked Expo, Annual Gala, and other event and membership initiatives, the Madison County Chamber generated an additional $80,000 in gross revenues and realized $10,000 in cost savings in less than six months. “I am thrilled to advance into the new year with a stable budget, a diversified board of directors, and a motivated staff to inspire economic growth,“ says Kyle Morey. “If the chamber can find success in our current economy, then anyone can.” Additional successes include adding Angela Barbosa and Amy Debiak to the team, rotating board meetings around the county, increasing attendance at events, achieving 3 million impressions for Madison County, improving internal processes, doubling social media and press coverage, building regional relationships in 19 counties, and studying commerce in China. “2011 is here. Let’s make some noise!” - Kyle Morey February 1, 2011 US Chamber’s Tom Donohue recently identified four immediate priorities to boost competitiveness in a global market. I would like to hone in on one in particular and discuss it from a Madison County perspective: expanding our trade base. Donohue’s objective is to double US exports over a five-year period and then to double it again over another five years. Why? To improve the circulation of the dollar through the US economy. In other words, new money. Let me illustrate. A few weeks ago, I was asked to present to a group of non -profit executives regarding the business community’s reaction to our MCC’s message of regionalism. I displayed the following two images: Circulating the same old dollar around the county is a good thing. For example, you buy cookies from Zinszer’s Bakery. Judy Zinszer takes some of your money and purchases a website from CN Design & Marketing. Tammy Rimer uses some of that cash flow to pay rent to the Flagship Enterprise Center. Out of his earnings, Chuck Staley buys a ticket to Anderson Speedway. At the last moment, Rick Dawson buys Zinszer’s cookies for his wife’s birthday. The dollar has just circulated. The economy is good. But wait. Judy wants to expand her operations and grow her customer base; however, she has exhausted her reach in Anderson. What can she do? Expand her footprint to Madison County? Yes. Export her cookies in a 30-mile radius? Of course. Judy realizes a new market online as well. Now, new crisp ten-dollar bills are circulating through Zinszer to the county from new sources. With her success, Judy decides to open a second location and commissions a local realtor. Tammy hires more employees to service the ever- increasing demands from online cookie sales. Chuck gets a raise and buys season tickets for all his staff to Anderson Speedway. Rick, with more money from ticket sales, spends more to target a regional market. It works. New Anderson Speedway visitors decide to stop at Zinszer’s Bakery for a treat after the race. The Madison County’s trade base has just expanded. Exports have increased. The circulation of the almighty dollar has improved. A simple illustration to impress upon the mind a simple solution: begin exporting more goods and services and importing more jobs and commerce. Are you an Elwood business? Expand your footprint into Muncie. Pendleton business? Find more market share in Noblesville. Already global? Then buy some cookies for your staff at Zinzser’s Bakery. Connecting Business. Creating Commerce. Put your business in the hands of 800 plus decision makers for only $199. You print it and fold it, we’ll mail it. Save on cost of mailing through this unique, shared medium. Contact Rita Puckett [email protected] GETLINKEDMADISON Madison County Chamber | 2701 Enterprise Dr. #109 | Anderson, IN 46013 | 765.642.0264 | www.getlinkedmadison.com >> Join the conversation: facebook.com/madisoncountychamberceo Powered by: Madison County Chamber Board of Directors Kyle Morey, CEO We offer a heart-felt thank you to members, spon- sors, exhibitors, advertisers, vendors, partners, board of directors, ambassadors, volunteers, media part- ners, and community leaders for your support, your business, and your friendship in 2010. Same old circulation Adding new dollars to the circulation Our programs, events, and services are made possi- ble because of you. We hope we have exceeded your expectations. We look forward to offering you more opportunities to be seen, to be heard, and to be fa- mous in 2011. — MCC TEAM