Director Of Economic Development Careers

The director of economic development leads and oversees the economic development programs in the city. Ultimately, their goal is to improve and stabilize the local economy, and they do this by ensuring that all economic development programs are developed and implemented properly.

The specific duties of a director of economic development generally include developing economic programs, conducting research and market analysis, managing subordinate staff, communicating with government officials, and maintaining good relationships with both the public and private sector. In terms of the working environment, a director of economic development usually works in a private office and receives support from administrative staff.

The most ideal educational background for this role is an advanced degree in economics. Apart from that, a director of economic development must have years-if not decades-of experience to ensure that they have the skills and knowledge needed to make the best decisions for the local economy. For their critical role in the city, a director of economic development earns an average of $90,000 per year. The highest-earning directors are, of course, in the bigger cities with the most high-performing economies.

There is more than meets the eye when it comes to being a director of economic development. For example, did you know that they make an average of $43.33 an hour? That's $90,124 a year!

Between 2018 and 2028, the career is expected to grow 8% and produce 6,300 job opportunities across the U.S.

What Does a Director Of Economic Development Do

There are certain skills that many directors of economic development have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed organizational skills, speaking skills and writing skills.

When it comes to the most important skills required to be a director of economic development, we found that a lot of resumes listed 13.2% of directors of economic development included business development, while 12.8% of resumes included economic development, and 10.5% of resumes included project management. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.

When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the director of economic development job title. But what industry to start with? Most directors of economic development actually find jobs in the government and non profits industries.

How To Become a Director Of Economic Development

If you're interested in becoming a director of economic development, one of the first things to consider is how much education you need. We've determined that 62.0% of directors of economic development have a bachelor's degree. In terms of higher education levels, we found that 25.5% of directors of economic development have master's degrees. Even though most directors of economic development have a college degree, it's impossible to become one with only a high school degree or GED.

Choosing the right major is always an important step when researching how to become a director of economic development. When we researched the most common majors for a director of economic development, we found that they most commonly earn bachelor's degree degrees or master's degree degrees. Other degrees that we often see on director of economic development resumes include associate degree degrees or doctoral degree degrees.

You may find that experience in other jobs will help you become a director of economic development. In fact, many director of economic development jobs require experience in a role such as executive director. Meanwhile, many directors of economic development also have previous career experience in roles such as director or manager.

What is the right job for my career path?

Tell us your goals and we'll match you with the right jobs to get there.

Average Salary
$90,124
Average Salary
Job Growth Rate
8%
Job Growth Rate
Job Openings
42,951
Job Openings

Director Of Economic Development Career Paths

Top Careers Before Director Of Economic Development

Manager
6.8 %

Top Careers After Director Of Economic Development

Director Of Economic Development Jobs You Might Like

What is the right job for my career path?

Tell us your goals and we'll match you with the rights job to get there.

Average Salary for a Director Of Economic Development

Directors Of Economic Development in America make an average salary of $90,124 per year or $43 per hour. The top 10 percent makes over $153,000 per year, while the bottom 10 percent under $52,000 per year.
Average Salary
$90,124
Find Your Salary Estimate
How much should you be earning as an Architect? Use Zippia's Salary Calculator to get an estimation of how much you should be earning.

Best Paying Cities For Directors Of Economic Development

City
ascdesc
Average Salarydesc
New York, NY
Salary Range104k - 216k$150k$150,409
Washington, DC
Salary Range91k - 189k$132k$131,586
Boston, MA
Salary Range84k - 172k$121k$120,830
San Francisco, CA
Salary Range79k - 169k$116k$116,371
Arlington, VA
Salary Range77k - 161k$112k$111,981
San Antonio, TX
Salary Range65k - 149k$99k$99,282
Las Vegas, NV
Salary Range58k - 127k$86k$86,037
Saint Louis, MO
Salary Range49k - 108k$74k$73,603
Scottsdale, AZ
Salary Range44k - 97k$66k$65,622
Oklahoma City, OK
Salary Range34k - 74k$51k$50,507
$34k
$216k

Recently Added Salaries

CompanyascdescCompanyascdescStart DateascdescSalaryascdesc
Director of Economic Development
County of Bedford, Virginia
08/05/2021
$76,18308/05/2021
Deputy Director of Planning and Economic Development
City of St. Paul
08/04/2021
$144,00008/04/2021
Economic Development Director (20147544)
City of Roseville, Ca
08/04/2021
$149,49908/04/2021
Economic Development Director
Alpine County
03/31/2021
$91,39203/31/2021
Economic Development Director
City of High Point
03/31/2021
$107,08103/31/2021
See More Recent Salaries

Calculate your salary

Use Zippia's Salary Calculator to see how your pay matches up.

Director Of Economic Development Demographics

Gender

male

62.1 %

female

34.4 %

unknown

3.5 %

Ethnicity

White

76.1 %

Hispanic or Latino

9.4 %

Black or African American

8.2 %

Foreign Languages Spoken

Spanish

69.2 %

Portuguese

3.8 %

Chinese

3.8 %
Show More Director Of Economic Development Demographics

Director Of Economic Development Education

Majors

Business
24.2 %
Economics
11.0 %

Degrees

Bachelors

62.0 %

Masters

25.5 %

Associate

5.8 %

Top Colleges for Director Of Economic Developments

1. Stanford University

Stanford, CA • Private

In-State Tuition
$51,354
Enrollment
7,083

2. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition
$55,584
Enrollment
10,764

3. Northwestern University

Evanston, IL • Private

In-State Tuition
$54,568
Enrollment
8,451

4. University of Southern California

Los Angeles, CA • Private

In-State Tuition
$56,225
Enrollment
19,548

5. California State University - Bakersfield

Bakersfield, CA • Private

In-State Tuition
$7,309
Enrollment
9,142

6. SUNY at Binghamton

Vestal, NY • Private

In-State Tuition
$9,808
Enrollment
13,990

7. Villanova University

Villanova, PA • Private

In-State Tuition
$53,308
Enrollment
6,819

8. San Diego State University

San Diego, CA • Private

In-State Tuition
$7,488
Enrollment
30,018

9. SUNY Farmingdale

Farmingdale, NY • Private

In-State Tuition
$8,306
Enrollment
9,394

10. Boston University

Boston, MA • Private

In-State Tuition
$53,948
Enrollment
17,238
Show More Director Of Economic Development Education Requirements

Online Courses For Director Of Economic Development That You May Like

Local Economic Development
coursera

Welcome to this MOOC on Local Economic Development (LED). Local economic development refers to the processes by which local governments, businesses, and civil society groups get together to raise income sustainably and improve their lives in a well-defined area. It's about creating jobs, securing livelihoods, improving infrastructure and managing local resources. What do I learn? We will be dealing with questions such as the following. Why does economic development take place in some areas of th...

The Korean Economic Development
coursera

You will review the evolution of the Korean economy decade by decade since Korea's independence from Japan in 1945. Major policies of each decade will be explained and their effect on the Korean economy will be analyzed. Also, the backgrounds and limitations of important policies will be scrutinized. By doing so, you will be able to compare the Korea experience with the other developing countries'. 1. You will be able to explain how the miracle of the Korean economic development was made possibl...

Managerial Economics and Business Analysis
coursera

In order to effectively manage and operate a business, managers and leaders need to understand the market characteristics and economic environment in which they operate. In this specialization, you will build a solid understanding of the operation of markets and the macro-economic environment with real-world examples. You will be able to identify firm and country-level economic factors that impact business decisions, develop an analytical framework using statistical tools, and apply economic the...

See more
Job type you want
Full Time
Part Time
Internship
Temporary

Top Skills For a Director Of Economic Development

The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 13.2% of directors of economic development listed business development on their resume, but soft skills such as organizational skills and speaking skills are important as well.

Best States For a Director Of Economic Development

Some places are better than others when it comes to starting a career as a director of economic development. The best states for people in this position are New York, Massachusetts, New Jersey, and Maine. Directors of economic development make the most in New York with an average salary of $136,862. Whereas in Massachusetts and New Jersey, they would average $116,395 and $112,874, respectively. While directors of economic development would only make an average of $112,510 in Maine, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.

1. West Virginia

Total Director Of Economic Development Jobs:
394
Highest 10% Earn:
$185,000
Location Quotient:
3.2
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

2. Pennsylvania

Total Director Of Economic Development Jobs:
1,341
Highest 10% Earn:
$199,000
Location Quotient:
1.43
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

3. New York

Total Director Of Economic Development Jobs:
525
Highest 10% Earn:
$229,000
Location Quotient:
0.51
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
Full List Of Best States For Directors Of Economic Development

How Do Director Of Economic Development Rate Their Jobs?

Working as a Director Of Economic Development? Share your experience anonymously.
Rate
Do you work as a Director Of Economic Development?
Rate how you like work as Director Of Economic Development. It's anonymous and will only take a minute.
Rate

Top Director Of Economic Development Employers

1. ICMA-RC
4.5
Avg. Salary: 
$123,814
Director Of Economic Developments Hired: 
10+
2. YWCA USA
4.3
Avg. Salary: 
$68,140
Director Of Economic Developments Hired: 
6+
3. City of Palm Bay
4.3
Avg. Salary: 
$91,138
Director Of Economic Developments Hired: 
3+
4. Osceola County
4.1
Avg. Salary: 
$113,958
Director Of Economic Developments Hired: 
3+
5. Arlington County
4.3
Avg. Salary: 
$88,076
Director Of Economic Developments Hired: 
3+
6. United Medical Resources
4.4
Avg. Salary: 
$88,992
Director Of Economic Developments Hired: 
3+

Director Of Economic Development Videos

Updated August 18, 2021