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<br />37 <br />4859-6924-4449\6 <br />SAMPLE JOB DESCRIPTION <br />POSITION TITLE: Economic Development Director <br />DEPARTMENT: Economic Development <br />ACCOUNTABLE TO: City Administrator <br /> <br />PRIMARY OBJECTIVE OF POSITION: <br />Serves as chief staff to the Economic Development Authority, planning, directing, and <br />implementing the economic development efforts of the City under the direction of the Authority. <br />Performs highly skilled, managerial, coordinative and technical tasks. Generates business leads, <br />promotes business retention and expansion, creates a positive attitude for development and raises <br />supportive public awareness for strategic economic planning and development. <br />DUTIES AND RESPONSIBILITIES: <br />1. Prepares, organizes and implements a coordinated target marketing program to generate <br />leads for specific business and industry. <br />2. Researches, designs, recommends and implements programs to encourage location of new <br />businesses and expansion of existing businesses within the City. Coordinates resources of <br />public and private sectors - i.e. Federal and State Grants, Industrial Development Bonds <br />and SPA Loans, Tax Increment Financing, banks, mortgage companies, etc. <br />3. Develops strategies and programs for allocation and delivery of City/Authority financial <br />assistance resources. <br />4. Maintains contacts with Minnesota Department of Employment and Economic <br />Development, area Development Corporations, and area commercial and industrial real <br />estate brokers and developers. <br />5. Maintains current inventory of potential business location sites within the City - both <br />building and vacant land, including contact persons. <br />6. Maintains updated demographic data, promotional materials and existing building lists for <br />economic development programs. <br />7. Works with prospective businesses to tailor a proposal suited to their specific needs, <br />including alternative locations and financing packages. <br />8. May negotiate economic incentive packages with prospective businesses. Analyzes <br />financial needs of specific companies to insure that public/Authority resources are applied <br />judiciously. <br />9. Maintains contact with current businesses to stay abreast of their future business plans and <br />needs.