The role of the economic developer today is continually changing. An urban developer focuses on economic growth strategies preparing, developing, and executing them as well as serving as a crucial contact between public and private sectors and the city.
You are overseeing an infrastructure project one minute, then collaborating on publicity strategies for different tourist companies or aiding a prospective small enterprise in looking for a central spot next. The activities include a broad variety of tasks from project management to policy formulation and execution, promotion, tourism, retention of companies, recruiting, and extension.
It's not a job that can be seen in the tunnel. You should know how the economy relates to all facets of the culture, and you should be an authority on all aspects. As demands and perceptions shift, the expertise of a good local economist needs to adapt and change. Economic developers must also fill the holes and offer support where the economies and institutions cannot or do not satisfy the needs of the population.
There is more than meets the eye when it comes to being an economic developer. For example, did you know that they make an average of $30.07 an hour? That's $62,545 a year!
Between 2018 and 2028, the career is expected to grow 8% and produce 1,700 job opportunities across the U.S.
There are certain skills that many economic developers 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 speaking skills, writing skills and analytical skills.
When it comes to the most important skills required to be an economic developer, we found that a lot of resumes listed 13.3% of economic developers included data entry, while 8.9% of resumes included financial statements, and 7.9% of resumes included business development. 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 economic developer job title. But what industry to start with? Most economic developers actually find jobs in the education and government industries.
If you're interested in becoming an economic developer, one of the first things to consider is how much education you need. We've determined that 59.7% of economic developers have a bachelor's degree. In terms of higher education levels, we found that 16.7% of economic developers have master's degrees. Even though most economic developers have a college degree, it's possible 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 an economic developer. When we researched the most common majors for an economic developer, we found that they most commonly earn bachelor's degree degrees or master's degree degrees. Other degrees that we often see on economic developer resumes include associate degree degrees or doctoral degree degrees.
You may find that experience in other jobs will help you become an economic developer. In fact, many economic developer jobs require experience in a role such as consultant. Meanwhile, many economic developers also have previous career experience in roles such as internship or executive director.