…Of financial ruin, as the Enterprise reports:
Debt service on a $2 million loan that funded renovations and improvements to its N. Main Street headquarters nearly overwhelmed the organization in 2013.
The crisis was averted, expenses have been cut and revenues are growing to the point the chamber is “profitable,” according to its leaders.
“We want the community to see the High Point Chamber is back,” said Chief Operating Officer Rachel Moss Gauldin. “We have gotten through the recovery, and now we’re focused on doing what we do best. We feel like the community has confidence in us and so does the bank. The loan has not been an issue.”
Chamber’s first priority back from the brink? Renaming two city streets.
