A person who wants to improve the financial affairs of a county or municipality is well suited for economic development work. He needs to possess a university degree related to business administration, public administration, finance or sociology. He needs a valid driver’s license that will allow him to travel and oversee economic development projects. His analytical skills are beneficial in planning, formulating, and executing the projects to generate profit. He can practice in the corporate and public sectors. He has to build good people relations wherever he goes. His presence in economic development meetings will be needed for updates.
Job Responsibilities and Duties
An economic development position requires the candidate to supervise and lead projects. Studies for economic development will be coordinated and conducted. Information from surveys will be gathered to know what kind of projects can be created to boost profit. Practical solutions will be implemented based on the findings of studies and analyses of information presented. Manuals that contain methods and procedures will be prepared and initiated. Reports for a month, special events, and annual will also be submitted. For local, state, and federal projects, assistance will be needed in doing research, preparing, and applying ideas. He also has to encourage citizen participation for the projects.
Knowledge of concepts
To succeed in this kind of work, the candidate must be knowledgeable of the local, state, and federal economic development projects. The principles, practices, and techniques for the field should be in the candidate’s possession. Laws on property and business will benefit the candidate. Procedures on mortgage will also be needed. The principals and regulations that concern this area will be interpreted and applied. Research data will be collected and analyzed for the creation of projects. Harmonious dealings with colleagues, strangers, and agencies will be practiced. Correspondence and reports will be generated in relation to the projects.
Satisfactory oral and written communication skills will be advantageous to the people whom the economic development candidate will be socializing with. It is good when the candidate has appropriate technical experience with economic development projects. Analysis of financial information will also prove worthy for the project to be successful. Real estate development experience will constitute a big part of this field. The work will attract profit and the candidate will execute strategies for the short-term and long-term goals to come into fruition. He can have the ability to recreate a piece of barren land into a profitable venture.
Being in economic development will let the candidate socialize with business and government leaders to carry out plans. He is courageous to begin a project from the basics. He also has foresight as to the improvements that can be made on an existing project. This calls for heavy responsibility and the ability to promote the local, state, and federal projects to tourists. Working in this field will let the candidate transform his community and make the lives of the people more convenient. He must be popular with the people so that the projects will be supported.