Economic Development Advisor Job Description [Updated for 2025]

In the evolving landscape of global commerce, the role of an Economic Development Advisor has never been more crucial.

As economies evolve and expand, there is an increasing demand for strategic thinkers who can shape, steer, and secure our economic structures.

But let’s delve deeper: What’s really expected from an Economic Development Advisor?

Whether you are:

• A job seeker trying to understand the core of this role,
• A hiring manager drafting the perfect candidate profile,
• Or simply intrigued by the intricate dynamics of economic development,

You’ve come to the right place.

Today, we present a customizable Economic Development Advisor job description template, designed for effortless posting on job boards or career sites.

Let’s dive straight into it.

Economic Development Advisor Duties and Responsibilities

Economic Development Advisors analyze and implement policies that improve the economic conditions of a specific geographical area.

They also work with businesses and government officials to enhance the economic prosperity of the area.

Economic Development Advisors have the following duties and responsibilities:

• Analyze economic data and trends to make strategic recommendations for economic development
• Develop and implement economic development strategies and plans
• Work closely with businesses, government officials, and community groups to identify economic opportunities
• Coordinate and facilitate meetings and workshops to engage stakeholders in the economic development process
• Research and apply for grants and other forms of funding to support economic development initiatives
• Prepare reports and presentations to communicate economic development progress to stakeholders
• Conduct feasibility studies for economic development projects
• Monitor and evaluate the impact of economic development initiatives
• Advise on policies and regulations that affect the local economy

 

Economic Development Advisor Job Description Template

Job Brief

We are seeking a dedicated Economic Development Advisor to help us in creating and implementing plans to boost economic growth and prosperity in our area of influence.

Your responsibilities include conducting research on economic issues, analyzing data, monitoring economic trends, and developing forecasts.

Our ideal candidate is well-versed in economic theories and principles, and has a solid understanding of market trends, economics, and statistical analysis tools.

The role of the Economic Development Advisor is to provide sound advice to our organization and its stakeholders on economic growth strategies and plans.

 

Responsibilities

• Analyze economic data and trends to make forecasts
• Develop and implement strategic economic development plans and programs
• Provide advice on economic policies and strategies
• Coordinate with government agencies, business leaders, and community organizations
• Evaluate the impact of economic development programs and policies
• Prepare reports and present economic findings
• Identify opportunities for economic growth
• Monitor and evaluate the effects of public policies, including inflation, interest rates, and taxes
• Conduct research on economic issues and disseminate research findings through technical reports or scientific articles in journals

 

Qualifications

• Proven work experience as an Economic Advisor, Economic Analyst or in a similar role
• Strong knowledge of economic theory and principles
• Experience with statistical analysis and statistical software
• Excellent analytical and problem-solving skills
• Outstanding presentation and report-writing skills
• Master’s degree in Economics or a related field

 

Benefits

• 401(k)
• Health insurance
• Dental insurance
• Retirement plan
• Paid time off
• Professional development opportunities

 

Additional Information

• Job Title: Economic Development Advisor
• Work Environment: Office setting with occasional travel for meetings and presentations. Telecommuting may be an option depending on circumstances.
• Reporting Structure: Reports to the Director of Economic Development.
• Salary: Salary is commensurate with experience and qualifications, and aligned with market rates.
• Pay Range: $85,000 minimum to $130,000 maximum
• Location: [City, State] (specify the location or indicate if remote)
• Employment Type: Full-time
• Equal Opportunity Statement: We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
• Application Instructions: Please submit your resume and a cover letter outlining your qualifications and experience to [email address or application portal].

 

What Does an Economic Development Advisor Do?

Economic Development Advisors are specialized professionals typically working for government departments, non-profit organizations, or consulting firms.

Their primary responsibility is to guide and provide expert advice on economic planning and strategies.

They help in designing policies and frameworks that promote economic growth, create jobs, and enhance the quality of life in a community or region.

They perform detailed research and economic analysis to understand local, regional, or national economic conditions, assess the impacts of economic policy decisions, and identify potential opportunities for development.

Economic Development Advisors work closely with policy makers, community leaders, business owners, and other stakeholders to understand their needs and goals.

They play a crucial role in helping to create strategic plans for economic development and advising on the most effective ways to implement these plans.

They also help in acquiring funding for various development projects and monitor the progress of these projects, ensuring they are on track to meet their objectives and provide a positive impact on the community’s economic health.

In addition, Economic Development Advisors are often involved in promoting the region to potential investors and businesses, advocating for the benefits of doing business in the area.

They may also organize and participate in public meetings, forums, or workshops to engage with the community and gather feedback on economic development initiatives.

 

Economic Development Advisor Qualifications and Skills

An Economic Development Advisor should possess a specific skill set to effectively cater to the job requirements, such as:

• A deep understanding of economic theories, principles and models to provide solid economic advice.
• Strong analytical skills to interpret complex data, economic trends and market developments.
• Excellent communication skills to articulate economic concepts to both economists and non-economists.
• Strategic thinking and problem-solving skills to devise economic development plans and strategies.
• Interpersonal skills to collaborate with various stakeholders including government officials, business leaders and community members.
• Proficient in using statistical software and other analytical tools to analyze economic data and trends.
• Project management skills to oversee projects from inception to completion while managing timelines and resources.
• Knowledge of public policy and regulatory guidelines that may impact economic development.

 

Economic Development Advisor Experience Requirements

Entry-level Economic Development Advisors often hold a bachelor’s degree in economics, business administration, public policy, or a related field, with 1 to 2 years of experience in economic development, strategic planning, or business consulting.

This experience can be gained through internships, research assistant roles, or junior consulting positions.

Candidates with around 3 to 5 years of experience typically have a solid understanding of economic development principles, strategic planning methodologies, and are adept at data analysis and reporting.

This experience may be gained in roles such as Economic Analyst, Policy Analyst, or Development Consultant.

Those with more than 5 years of experience are often well-versed in advising on economic development strategies, interacting with different stakeholders, and managing projects.

They may have some leadership experience and are usually ready for senior advisory or management roles.

Additionally, many Economic Development Advisors pursue a master’s degree in economics, business, or public policy to deepen their knowledge and enhance their advisory skills.

Continuing education and staying abreast of the latest economic trends and development strategies are also crucial for advancement in this field.

 

Economic Development Advisor Education and Training Requirements

Economic Development Advisors typically need a bachelor’s degree in a field such as economics, public policy, business administration, or a related area.

This role often requires a strong foundation in economic theory, policy analysis, and a detailed understanding of local and global economic trends.

Many positions may require a master’s degree in economics, business administration (MBA), or public policy with a focus on economic development.

This advanced degree can help candidates gain a more in-depth understanding of economic strategies, urban and regional development, and policy implementation.

In addition to academic qualifications, Economic Development Advisors often require practical experience in economic development, strategic planning, or a related field.

This experience can be gained through internships, work placements, or related employment.

Certification from recognized bodies, like the International Economic Development Council (IEDC), may be beneficial but not always necessary.

Certification demonstrates a commitment to the profession and can enhance job prospects.

Continuing education is crucial in this role due to the dynamic nature of economics and policy-making.

Therefore, advisors often participate in professional development opportunities to stay updated with the latest economic trends and strategies.

 

Economic Development Advisor Salary Expectations

An Economic Development Advisor can expect an average salary of $70,000 (USD) per year.

However, the actual salary can vary greatly depending on factors such as the individual’s level of experience, the region where they are employed, and the specific industry they work in.

 

Economic Development Advisor Job Description FAQs

What skills does an Economic Development Advisor need?

Economic Development Advisors require strong analytical skills to examine complex economic data.

Good communication and interpersonal skills are vital to liaise with stakeholders and explain economic concepts to non-economists.

They should also possess strategic planning skills to develop and implement economic development programs, and project management skills to oversee these initiatives.

 

Do Economic Development Advisors need a degree?

Yes, a degree is usually required for the role of an Economic Development Advisor.

Most employers require a bachelor’s degree in economics, business administration, or a related field.

However, a master’s degree in economics or a related field can be an advantage.

Some roles may also require a specific number of years of experience in economic development or a related area.

 

What should you look for in an Economic Development Advisor resume?

When reviewing a resume for an Economic Development Advisor, look for a strong educational background in economics or a related field.

Experience in developing and implementing economic strategies, as well as proficiency in data analysis tools, is highly desirable.

Skills such as strategic planning, project management, and excellent communication should also be evident.

 

What qualities make a good Economic Development Advisor?

A successful Economic Development Advisor is highly analytical and able to interpret complex economic data.

They possess strong communication skills to explain economic concepts in a clear and concise manner.

They should be strategic thinkers and problem solvers, with the ability to develop and implement effective economic development plans.

Additionally, they should be good at building relationships with stakeholders and have a strong understanding of economic trends and market dynamics.

 

Is it difficult to hire Economic Development Advisors?

Hiring an Economic Development Advisor can be challenging due to the specialized knowledge and skills required for this role.

Employers often seek candidates with an advanced degree in economics, along with substantial experience in economic development or a related field.

The competition for qualified candidates can be stiff, so it’s important to offer a competitive salary and benefits package to attract and retain top talent.

 

Conclusion

And there you have it.

Today, we’ve given you an insider’s look into what it means to be an Economic Development Advisor.

Surprise?

It’s not just about crunching numbers.

It’s about shaping the economic future, one strategic decision at a time.

Armed with our comprehensive Economic Development Advisor job description template and real-world examples, you’re ready to embark on your journey.

But why end here?

Go further with our job description generator. It’s your next stop for creating razor-sharp job listings or fine-tuning your resume to excellence.

Remember:

Every economic strategy contributes to the larger narrative.

Let’s shape that future. Together.

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