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.

What Does an Economic Developer Do

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.

How To Become an Economic Developer

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 64.3% of economic developers have a bachelor's degree. In terms of higher education levels, we found that 17.9% 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.

Economic Developer Career Paths

Average Salary for an Economic Developer

Economic Developers in America make an average salary of $51,285 per year or $25 per hour. The top 10 percent makes over $70,000 per year, while the bottom 10 percent under $37,000 per year.
Average Economic Developer Salary
$51,285 Yearly
$24.66 hourly
$37,000
10 %
$51,000
Median
$70,000
90 %

What Am I Worth?

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Economic Developer Education

Economic Developer Majors

24.7 %
10.7 %

Economic Developer Degrees

Bachelors

64.3 %

Masters

17.9 %

Associate

9.1 %

Top Colleges for Economic Developers

1. Harvard University

Cambridge, MA • Private

In-State Tuition
$50,420
Enrollment
7,582

2. University of Minnesota - Twin Cities

Minneapolis, MN • Private

In-State Tuition
$14,760
Enrollment
31,451

3. University of Georgia

Athens, GA • Private

In-State Tuition
$11,830
Enrollment
29,474

4. University of Michigan - Ann Arbor

Ann Arbor, MI • Private

In-State Tuition
$15,262
Enrollment
30,079

5. Virginia Polytechnic Institute and State University

Blacksburg, VA • Private

In-State Tuition
$13,620
Enrollment
27,730

6. Stanford University

Stanford, CA • Private

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

7. Cornell University

Ithaca, NY • Private

In-State Tuition
$55,188
Enrollment
15,105

8. Ohio State University

Columbus, OH • Private

In-State Tuition
$10,726
Enrollment
45,769

9. University of California, Berkeley

Berkeley, CA • Private

In-State Tuition
$14,184
Enrollment
30,845

10. Northwestern University

Evanston, IL • Private

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

Top Skills For an Economic Developer

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, 13.3% of economic developers listed data entry on their resume, but soft skills such as speaking skills and writing skills are important as well.

  • Data Entry, 13.3%
  • Financial Statements, 8.9%
  • Business Development, 7.9%
  • Business Community, 6.9%
  • Technical Assistance, 6.7%
  • Other Skills, 56.3%

Choose From 10+ Customizable Economic Developer Resume templates

Zippia allows you to choose from different easy-to-use Economic Developer templates, and provides you with expert advice. Using the templates, you can rest assured that the structure and format of your Economic Developer resume is top notch. Choose a template with the colors, fonts & text sizes that are appropriate for your industry.

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Economic Developer Demographics

Economic Developer Gender Distribution

Male
Male
55%
Female
Female
45%

After extensive research and analysis, Zippia's data science team found that:

  • Among economic developers, 44.7% of them are women, while 55.3% are men.

  • The most common race/ethnicity among economic developers is White, which makes up 63.4% of all economic developers.

  • The most common foreign language among economic developers is Spanish at 33.3%.

Online Courses For Economic Developer That You May Like

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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...

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...

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...

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Top Economic Developer Employers

Most Common Employers For Economic Developer

Rank  Company  Average Salary  Hourly Rate  Job Openings  
1Memphis Light, Gas & Water$79,746$38.342
2Apache$77,095$37.063
3U.S. Department of Commerce$66,066$31.764
4World Bank$65,000$31.255
5City and County of Denver Government$63,474$30.522
6Peace Corps$61,903$29.762
7United Nations$60,787$29.222
8Oakland Public Library$57,631$27.713
9Corporate Office Properties Trust$56,621$27.222
10Primerica$55,087$26.482

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