On behalf of Pohnpei Chamber of Commerce board of directors and staff, we take great pleasure and pride to submit to you this Fiscal Year 2016 Report for the period ending September 30, 2017. While the Chamber operates on calendar year, the issuance of this Fiscal Year 2017 Report is made to meet the reporting requirements of grant funds provided by the FSM National Government. The Chamber Annual Report for 2017 will be released early next year to cover the period ending December 31, 2017.
We extend special thanks to the FSM National Government for its support for the private sector through grants to the State chambers of commerce. We also wish to express our appreciation to all of you who have supported the Chamber during the many of its turbulent years to keep it afloat.
Our Chamber is comprised of voluntary members who pay annual membership fee at the beginning of each calendar year so that as bona fide members they can participate in any chamber meetings with the right to vote and engage in other activities during their term of membership. Membership is renewable with payment of fee at the beginning of each calendar year.
We seek support and partnership with the FSM and Pohnpei State Government in providing the much-needed private sector economic development program for creation of new jobs for people of Pohnpei who are actively seeking for jobs in the public and private sectors, and generation of revenue for government.
The Chamber is currently undergoing organizational strengthening and capacity building to better serve its members and the business community of Pohnpei. Part of this effort is the ongoing work on the development of a five-year strategic plan to guide the Chamber's in the improvement of its services to its stakeholder.
There are several projects that are currently underway to further improve the services of the Chambers to its members and business community. These include:
· Finalization of an agreement on the development of PCC website.
· Organization of a Public Private Dialogue for Government and private sector In Pohnpei.
· Development of a Pohnpei Business Directory.
· Negotiation for development of a Five-Year Strategic Development Plan