Economic Development Director Salary
For Economic Development Directors, yearly average wages total $70K annually. Job satisfaction for Economic Development Directors is high. Men working as Economic Development Directors who took the survey just slightly outnumber women at 56 percent. Most report receiving medical coverage from their employers and the larger part collect dental insurance.
|Salary||$43,670 - $118,658|
|Bonus||$489.36 - $20,134|
|Total Pay (|
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).)
|$42,950 - $122,409|
|Bonus||$489.36 - $20,134|
|Total Pay (||$42,950 - $122,409|
Job Description for Economic Development Director
Economic development directors oversee fundamental tasks regarding the advancement of their company's economic development. Those in this position are expected to develop policies which facilitate the growth of their area of operation and develop working relationships with members of the community, including local businesses and the general public. Maintaining these personal relationships is often the key to success in this position.Read More...
Duties revolve around fostering the growth of the economy of one's assigned area by developing new and innovative policies. He/she may fulfill tasks such as researching the best policies for their company, addressing economic issues within the community, and developing new ways to handle them. This director may also negotiate property sales to assist in economic development endeavors.
Those in this position may have various legislative duties and may be expected to serve on committees if assigned to do so. They may be expected to promote local businesses or the sales of lots to prospective businesses in order to further develop the local economy. They will also work on finances in various aspects of their business. Knowledge of maintenance of various structures and their status in attracting potential businesses can be especially important to the role.
Economic Development Director Tasks
- Hire, mentor, and evaluate a team, setting goals, and defining projects.
- Collaborate with many stakeholders and create positive relationships.
- Develop and implement policies to expand reach and scope of department.
- Create, report on, and adjust department budget, including setting goals.
Pay by Experience Level for Economic Development Director
Pay by Experience for an Economic Development Director has a positive trend. An entry-level Economic Development Director with less than 5 years of experience can expect to earn an average total compensation of $54,000 based on 56 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. An Economic Development Director with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $69,000 based on 49 salaries. An experienced Economic Development Director which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $86,000 based on 55 salaries. An Economic Development Director with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $88,000 based on 23 salaries.
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Key Stats for Economic Development Director
Rated 5 out of 5
based on 14 votes.