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To become a director of economic development, candidates need a related bachelor’s degree, experience in managerial positions, and the ability to work with diverse populations. They must also have knowledge of economic development principles and theories, budget planning, and funding strategies.
Individuals who wish to become a director of economic development should consider the typical qualifications required for the position. A suitable educational path, as well as experience related to economic development, is often required to obtain this senior-level position. Other requirements for anyone hoping to become director of economic development include the ability to work with people from diverse backgrounds and the ability to influence opinion through carefully crafted arguments and discussions.
Economic development is vital to the development and betterment of all communities. The field of economic development seeks to improve the living standards of people who live and work in the community, while attracting foreign investment and tourism dollars. Candidates working to become director of economic development must be able to identify and capitalize on community strengths, as well as identify and address weaknesses.
Anyone who wants to become director of economic development must obtain an adequate level of education. A bachelor’s degree in a related field is a must and some positions may require completion of a master’s degree. Common degrees related to pursuing a career in economic development include those related to economics, real estate, and urban planning.
Educational activities should provide candidates who wish to become a director of economic development with the knowledge necessary to meet general job requirements. This includes knowledge about economic development principles and theories. These theories help economic development practitioners identify revitalization strategies, as well as plan and develop initiatives related to economic development.
Additional experience will be required for candidates looking to obtain a director of economic development position. This may include work experience gained through managerial and assistant level economic development positions. Employers typically prefer candidates who have demonstrated experience handling projects related to economic development and have a proven track record of success.
Working with a diverse population is a requirement for the position. Various groups, from citizens to businesses, all have an interest in the outcome of various economic development initiatives and plans. The ability to identify and explain the benefits of such initiatives when responding to project-related questions and concerns is a valuable skill for economic development professionals, especially the director, who may be tasked with speaking to the media and building support.
Knowledge around other aspects of the job is also essential. This includes knowledge related to planning and managing a budget. Understanding the different ways to get funding for projects is also beneficial.
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