Economic Development Administration Program Specialist

Industry:
Public Sector
Last Updated:
September 12, 2023

Job Description Overview

An Economic Development Administration Program Specialist plays a crucial role in developing and implementing economic programs for a public sector organization. As part of their job, they collaborate with community leaders, businesses, and government officials to develop strategies that drive growth and promote job creation.

In this Economic Development Administration Program Specialist job description, you'll find that the primary objectives of this role are to identify opportunities for economic development, assess community needs, and recommend plans to achieve economic growth. They must also evaluate the impact and effectiveness of existing programs and projects, as well as monitor and report on program results.

The ideal candidate for this job has relevant experience in community development, business administration, or a similar field. They should be skilled in data analysis, project management, and have excellent communication skills. Furthermore, they must have a deep understanding of economic development principles, policies, and legislation, and be able to apply this knowledge to implement effective programs.

Overall, this Economic Development Administration Program Specialist job description emphasizes the important role this position plays in driving economic growth and job creation at a local level.

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Job Duties and Responsibilities

  • Conduct research and analysis to identify opportunities for economic development.
  • Assist with the development and implementation of economic development programs and initiatives.
  • Collaborate and communicate with stakeholders, including government officials, business leaders, and community members.
  • Evaluate program performance and make recommendations for improvement.
  • Provide technical assistance and support to businesses and local organizations.
  • Analyze economic data and prepare reports for decision-making purposes.
  • Manage and administer grants and funding programs.
  • Develop and maintain relationships with economic development organizations and agencies.
  • Assist with marketing and promoting economic development opportunities within the community.

Experience and Education Requirements

To get a job as an Economic Development Administration Program Specialist in the Public Sector, you'll need a bachelor's degree in economics, business administration, or a related field. A master's degree can also increase your chances of getting hired. You should have experience working in economic development or a related field, and experience with grants management, program development, and project management is a plus. The ability to communicate well, both orally and in writing, is also essential. As a program specialist, you'll work to help communities create jobs, attract investments and improve their economic growth. It's an exciting field with many opportunities for growth and making a difference in people's lives.

Salary Range

The expected salary range for an Economic Development Administration Program Specialist in the public sector industry in the United States falls between $52,000 to $96,000 per year. This salary range may vary based on factors like experience, education, and the geographic location of the job. Median pay for similar positions in other countries, like Canada and Australia, is $60,000 to $70,000 CAD and AUD respectively.

Sources:

  • https://www.payscale.com/research/US/Job=EconomicDevelopmentAdministration(EDA)Program_Specialist/Salary
  • https://ca.indeed.com/salaries/Economic-Development-Specialist-Salaries,-Canada
  • https://www.glassdoor.com.au/Salaries/economic-development-salary-SRCH_KO0,20.htm

Career Outlook

If you're interested in becoming an Economic Development Administration Program Specialist in the public sector industry, you may be wondering about the career outlook over the next five years. According to the Bureau of Labor Statistics, employment of management analysts, including those who specialize in economic development, is projected to grow by 11% from 2019 to 2029, which is faster than the average growth for all occupations. 

This growth is due to the increasing demand for organizations to improve efficiency, reduce costs, and streamline processes. Furthermore, as more communities and regions recognize the importance of economic development for job creation and overall growth, the demand for specialists in this field is likely to increase.

Overall, it seems that the career outlook for Economic Development Administration Program Specialists in the public sector industry is positive and will continue to grow in the years ahead. If you're interested in pursuing a career in this field, it may be a wise decision.

Frequently Asked Questions (FAQ)

Q: What does an Economic Development Administration Program Specialist do?

A: They work with businesses and government agencies to identify opportunities for economic growth in a region, and they develop strategies and programs to stimulate that growth.

Q: What kind of education is required for this job?

A: A bachelor's degree in a related field (such as economics, business administration, or public administration) is usually required.

Q: What skills are important for an Economic Development Administration Program Specialist to have?

A: Communication skills (both written and verbal), analytical skills, strategic planning skills, and the ability to work collaboratively with a variety of stakeholders are all important.

Q: What kind of organizations might employ an Economic Development Administration Program Specialist?

A: They might work for a government agency (such as a city or state economic development department), a private company that specializes in economic development consulting, or a non-profit organization focused on economic growth.

Q: What kind of impact can an Economic Development Administration Program Specialist have on a community?

A: They can help spur economic growth, create jobs, attract new businesses to the region, and increase the overall quality of life for residents by improving the local economy.


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