Economic Development Coordinator Job Description [Updated for 2025]

In the evolving world of business, the role of Economic Development Coordinators has become more significant than ever before.

As our economies continuously expand and diversify, the demand for skilled professionals who can stimulate, manage, and secure our economic growth escalates.

But let’s delve deeper: What’s genuinely expected from an Economic Development Coordinator?

Whether you are:

• A job seeker aiming to comprehend the core of this role,
• A hiring manager defining the perfect candidate,
• Or simply curious about the intricacies of economic development coordination,

You’re in the right spot.

Today, we’re revealing a customizable Economic Development Coordinator job description template, created for easy posting on job boards or career sites.

Let’s dive right into it.

Economic Development Coordinator Duties and Responsibilities

Economic Development Coordinators are responsible for coordinating activities that help improve and support the economic growth of a community.

They work with government officials, business leaders, and community members to formulate and implement strategies for economic prosperity.

They have the following duties and responsibilities:

• Develop and implement economic development plans and projects
• Identify and evaluate opportunities for business attraction, retention, and expansion
• Communicate with local businesses to understand their needs and concerns
• Conduct research and provide economic and business data to assist companies, investors, and stakeholders
• Manage and coordinate funding for economic development activities
• Write and present reports on economic development activities and progress
• Coordinate events and activities to promote community economic development
• Work with local, regional, and state agencies to secure funding and resources for economic development
• Establish and maintain relationships with businesses, community organizations, and economic development partners

 

Economic Development Coordinator Job Description Template

Job Brief

We are looking for a dynamic Economic Development Coordinator to join our team.

The candidate will be responsible for planning, organizing, and implementing economic development strategies and programs.

The role involves enhancing the economic profile of the community, attracting new businesses, and ensuring the growth and retention of existing businesses.

Our ideal candidate will have a strong understanding of economic trends, business planning, and community development.

 

Responsibilities

• Plan and implement economic development strategies and programs
• Develop and maintain relationships with local businesses and industry leaders
• Conduct market research and analysis to identify economic trends and opportunities
• Assist businesses in identifying and securing financial resources, locations, and other necessary resources
• Coordinate with government agencies, community groups, and stakeholders on economic development initiatives
• Prepare reports, proposals, and presentations on economic development activities
• Organize and attend community and business meetings, workshops, and events
• Promote the community to potential investors and businesses
• Implement marketing and public relations strategies to boost economic development

 

Qualifications

• A bachelor’s degree in economics, business administration, or a related field
• Proven experience in economic development or a related field
• Strong understanding of economic and business trends
• Excellent project management, research, and analytical skills
• Strong communication, negotiation, and presentation skills
• Ability to build and maintain relationships with a diverse group of stakeholders

 

Benefits

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

 

Additional Information

• Job Title: Economic Development Coordinator
• Work Environment: Office setting with occasional local travel for meetings and events.
• Reporting Structure: Reports to the Economic Development Director or City Manager.
• Salary: Salary is based upon candidate experience and qualifications, as well as market and business considerations.
• Pay Range: $57,000 minimum to $87,000 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 Coordinator Do?

Economic Development Coordinators typically work for local government, non-profit organizations, or businesses, focusing on the economic growth of their respective regions.

Their primary task involves planning, organizing, and executing programs that aim to create, diversify, and enhance job growth, while promoting business development and sustainability.

They collaborate with various stakeholders including local businesses, investors, and government officials to identify opportunities for economic development.

This could include conducting market research, crafting strategic plans, and attracting new businesses to the area.

Part of their role also involves promoting the region to potential investors and businesses.

This can involve organizing and attending events, creating promotional materials, and maintaining a strong online presence.

Economic Development Coordinators may also be involved in securing funding for economic development initiatives.

This includes applying for grants, liaising with potential sponsors, and managing project budgets.

In all their tasks, they work towards the ultimate goal of enhancing the economic prosperity and quality of life for their community or region.

 

Economic Development Coordinator Qualifications and Skills

An Economic Development Coordinator should have a robust set of skills and qualifications to effectively perform their duties, such as:

• Strong understanding of economic and community development principles to strategically plan, implement and manage development projects.
• Excellent interpersonal skills to establish and maintain relationships with community partners, stakeholders, government agencies, and the public.
• Superb analytical skills to assess economic conditions, identify opportunities for growth and evaluate the impact of development programs.
• Exceptional communication skills to articulate economic strategies, proposals, and outcomes to various audiences, and to facilitate dialogues and negotiations.
• Project management skills to oversee multiple projects simultaneously, ensuring each one is progressing on time and within budget.
• Grant writing abilities and knowledge of fundraising strategies to secure funding for economic development initiatives.
• Problem-solving abilities to navigate challenges or obstacles that may arise during the planning and implementation of development projects.
• Knowledge of local, state, and federal economic development laws, regulations, and procedures to ensure compliance in all operations.

 

Economic Development Coordinator Experience Requirements

Entry-level Economic Development Coordinators often have 1 to 2 years of experience, typically gained through internships or part-time roles within economic development, urban planning, or related fields.

They can also gain valuable experience through roles such as Research Analyst, Project Assistant, or other related positions in the fields of economic development or planning.

Candidates with 3 to 5 years of experience usually have a more in-depth understanding of economic development strategies and policies.

They are likely to have developed their analytical and project management skills in roles such as Economic Development Specialist or Planner.

Those with more than 5 years of experience are typically well-versed in the management of economic development projects and have a proven track record in creating and implementing economic strategies.

They may also have leadership experience and are often well-prepared for a role with increased responsibility and decision-making, such as an Economic Development Director.

In addition to these experience levels, most Economic Development Coordinators have a bachelor’s or master’s degree in economics, business administration, urban planning, or a related field.

Some roles may also require specific certifications such as Certified Economic Developer (CEcD) status.

 

Economic Development Coordinator Education and Training Requirements

Economic Development Coordinators usually have a bachelor’s degree in economics, business administration, public administration, or a related field.

They require a solid foundation in economics and a good understanding of financial and business principles.

They should also have knowledge of governmental and public relations and demonstrate familiarity with project management and strategic planning.

Many roles may require a master’s degree in economics, business administration, or related fields.

Some might need experience in economic or community development.

While it’s not always necessary, certifications in economic development, project management, or related fields can be advantageous.

They indicate a commitment to continual learning and a deeper understanding of the economic development landscape.

In addition to academic qualifications, Economic Development Coordinators should be skilled in communication and negotiation, as they often have to interact with different stakeholders, community groups, and government officials.

They should also be adept at data analysis and problem-solving, as they are often required to make key decisions based on financial data and community economic trends.

 

Economic Development Coordinator Salary Expectations

An Economic Development Coordinator earns an average salary of $61,367 (USD) per year.

The actual income can differ based on factors such as years of experience, educational qualifications, and the region in which they work.

The type of industry they are employed in can also significantly affect the salary.

 

Economic Development Coordinator Job Description FAQs

What skills does an Economic Development Coordinator need?

Economic Development Coordinators should possess strong analytical skills to understand and interpret economic data.

They should also have excellent communication skills to present their findings to stakeholders and the public.

A good understanding of project management principles, strong decision-making abilities, and the capacity to work in a team environment are also essential.

 

Do Economic Development Coordinators need a degree?

Yes, most Economic Development Coordinators hold at least a bachelor’s degree in economics, business administration, or a related field.

Many organizations prefer candidates with a master’s degree.

Additionally, relevant work experience in economic development, planning, or business development is usually required.

 

What should you look for in an Economic Development Coordinator’s resume?

Look for evidence of formal education in economics, business administration, or a related field, as well as experience in economic development, planning, or business growth.

Experience with project management, data analysis, and report writing is also valuable.

Good candidates should be able to demonstrate a successful track record in coordinating and implementing economic development projects and initiatives.

 

What qualities make a good Economic Development Coordinator?

Good Economic Development Coordinators are problem-solvers with excellent analytical skills.

They should be adept at gathering and interpreting data, making informed decisions, and driving economic development initiatives.

They should also have strong leadership skills, be able to handle multiple tasks simultaneously, and work well under pressure.

Excellent communication skills are also crucial, as they’ll need to engage with various stakeholders and present their findings effectively.

 

Is it difficult to hire an Economic Development Coordinator?

The process of hiring an Economic Development Coordinator can be challenging.

Given the specific skills and experience required, the pool of qualified candidates might be limited.

It is important to provide an attractive job offer, which includes competitive salary and benefits, challenging projects, and opportunities for professional development to attract the best candidates.

 

Conclusion

And there we have it.

Today, we’ve unveiled the true essence of being an Economic Development Coordinator.

Surprise, surprise?

It’s not just about crunching numbers.

It’s about paving the way towards a prosperous future, one strategic plan at a time.

Armed with our reliable Economic Development Coordinator job description template and real-world examples, you’re ready to take the plunge.

But why halt your journey here?

Dive further with our job description generator. It’s your perfect tool for crafting meticulous job listings or refining your resume to perfection.

Remember:

Every economic strategy is a step towards progress.

Let’s build that prosperous future. Together.

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