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Charlottesville, VA Business News

Innovation Council and Chamber of Commerce establish affiliation

Posted by lbanner on October 9, 2008

And then there was one.

One year ago the former Virginia Piedmont Technology Council (VPTC) combined with the former Charlottesville Venture Group (CVG) to form the Charlottesville Business Innovation Council (CBIC), their mission to be “the preeminent private-sector advocate and catalyst for entrepreneurship and technology-based economic development in our region.” I believe the year has seen a number of event successes for the CBIC, not the least of which, their annual Innovation Awards Dinner. But the “slowing economy” has had its affect on area business associations, and as of today, what I had dared to suggest last year, has come to pass, The Charlottesville Business Innovation Council (CBIC) and the Charlottesville Regional Chamber of Commerce (CRCC) today announced that their respective organizations have signed an agreement to jointly support the entrepreneurial and high-tech business community in an innovative affiliation.

A news release from the Chamber explains that, “CBIC will retain its independent, separate organizational status with independent governance in affiliated membership with, and under operational management by, the Chamber.” Essentially, the CBIC will remain as an organization, but operate solely as a volunteer-led and run group, receiving operational, administrative, and management support, on a fee-for-service basis, from the Chamber of Commerce. The two organizations will also share event comunication and management.

From the release, Gary F. Henry, CBIC Acting Chairman who serves on the Board of Directors for both organizations, says, “The Chamber’s offer to assist CBIC by assuming these functions on a fee-for-service basis was both timely and very well received. I feel strongly that this affiliation brings greater value to both organizations and to individual CBIC and Chamber members.”

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