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$48.5K

$123.9K

$202K

How much do director of economic development jobs pay per year?

As of Jul 30, 2026, the average yearly pay for director of economic development in the United States is $123,934.00, according to ZipRecruiter salary data. Most workers in this role earn between $89,500.00 and $153,500.00 per year, depending on experience, location, and employer.

What jobs make $1,000,000 a year?

In the field of economic development, high-level executive roles such as Chief Executive Officers or Chief Economic Officers can earn salaries exceeding $1 million annually, especially in large organizations or corporations. These positions typically require extensive experience, advanced degrees, and strong leadership skills, often supplemented by performance-based bonuses and stock options.

What are some common challenges faced by a Director of Economic Development, and how can candidates prepare to address them?

Directors of Economic Development often encounter challenges such as balancing the interests of various stakeholders, navigating regulatory and policy constraints, and adapting to shifting economic trends. Candidates should be prepared to build strong relationships with local government, business leaders, and community organizations, while effectively managing competing priorities. Staying informed about economic data, policy updates, and best practices in economic development will help candidates anticipate challenges and proactively develop solutions. Effective communication, negotiation, and strategic planning skills are essential for success in this role.

What does a Director of Economic Development do?

A Director of Economic Development is responsible for creating and implementing strategies to promote economic growth within a city, region, or organization. This role typically involves attracting new businesses, supporting existing businesses, fostering job creation, and coordinating with government agencies, community groups, and private sector partners. The director also analyzes economic trends, develops incentive programs, and oversees projects that enhance the community’s economic well-being. Their efforts are aimed at improving the local economy, increasing employment opportunities, and enhancing the overall quality of life.

Which is the highest paid job in economics?

The highest paid roles in economics are often executive positions such as Chief Economist or Chief Financial Officer, especially in large corporations or financial institutions. These roles typically require advanced degrees, extensive experience, and strong analytical and leadership skills, with salaries reaching into the high six or seven figures annually.

What does an economic development director do?

An economic development director oversees efforts to attract and retain businesses, promote job creation, and improve the economic health of a community or region. They analyze economic data, develop strategic plans, collaborate with government and private sector stakeholders, and often manage projects to support economic growth and sustainability.

What kind of jobs in media bring in $150,000 a year?

In media, roles such as senior media executives, media directors, or content strategists can earn $150,000 or more annually, especially with extensive experience, leadership responsibilities, and advanced skills in digital platforms or advertising. High-level positions often require strong industry knowledge, management skills, and sometimes advanced degrees or certifications.

What are the key skills and qualifications needed to thrive as a Director Of Economic Development, and why are they important?

To thrive as a Director Of Economic Development, you need expertise in economic analysis, strategic planning, and community development, typically supported by a degree in economics, public administration, or a related field. Familiarity with Geographic Information Systems (GIS), economic modeling software, and grant management tools is often required, along with certifications such as CEcD (Certified Economic Developer). Exceptional leadership, stakeholder engagement, and negotiation skills help drive successful partnerships and project implementation. These skills and qualities are essential for fostering sustainable economic growth, securing funding, and aligning diverse interests for community benefit.

What is the difference between Director Of Economic Development vs Economic Development Coordinator?

AspectDirector Of Economic DevelopmentEconomic Development Coordinator
CredentialsBachelor's degree; often master's in economics, business, or public administrationBachelor's degree; relevant experience may suffice
Work EnvironmentStrategic planning, leadership, stakeholder engagementProject support, research, community outreach
Employer & Industry UsageLocal government, economic development agencies, non-profitsMunicipal offices, economic development departments

The Director Of Economic Development typically holds a higher level of responsibility, focusing on strategic planning and leadership, while the Economic Development Coordinator supports projects and community outreach. Both roles are essential in economic growth initiatives but differ in scope and seniority.

More about Director Of Economic Development jobs
What cities are hiring for Director Of Economic Development jobs? Cities with the most Director Of Economic Development job openings:
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Director Of Economic Development jobs near you
Infographic showing various Director Of Economic Development job openings in the United States as of July 2026, with employment types broken down into 88% Full Time, 8% Part Time, and 4% Contract. Highlights an 96% In-person, and 4% Remote job distribution, with an average salary of $123,934 per year, or $59.6 per hour.

Director of Economic Development

City of Medford

Medford, MA • On-site

$1.7K - $2.0K/wk

Full-time

Re-posted 14 days ago

Job description

POSITION: Director of Economic Development
DEPARTMENT: Planning, Development, and Sustainability 
HOURS OF WORK: Full-time (35 hours/week) Monday, Tuesday, Thursday 8:30am – 4:30pm; Wednesday 8:30 am - 7:30 pm; Friday 8:30 am - 12:30. Nights and Weekends as needed.
SALARY: Non - Union CAF 15 ($1,770.41 – 2,071.39/Week)
BASIC FUNCTION:
The Director of Economic Development is responsible for developing, managing, and executing strategic initiatives that promote economic growth, recovery, and resilience within Medford’s business community. This role involves designing and supporting economic development programs, fostering partnerships, and leading efforts to attract and retain businesses. The Director also plays a key role in marketing Medford as a prime location for business investment, with the overarching goal of expanding the city’s tax base and creating sustainable employment opportunities for residents.
This position operates under the general direction of the Mayor and the PDS Director to advance the city's economic development goals in alignment with the Mayor’s vision. The individual in this role will work closely with the Mayor, engaging in regular consultation to ensure clear communication, alignment on strategic priorities, and the effective execution of business and economic development initiatives under the Mayor’s leadership.
ESSENTIAL FUNCTIONS:
The essential functions or duties listed below are intended only as illustrations of the various types of work that may be performed. The omission of specific statements of duties does not exclude them from the position if the work is similar, related, or a logical assignment to the position.
  • Functions as an advisor to the Mayor, the Director of Planning, Development, and Sustainability (PDS), as well as other City officials on economic development policies and plans.
  • Engages with business owners and real estate developers to understand their needs, long-term goals, and planned initiatives, identifying opportunities to align private sector interests with the City’s strategic priorities and vision.
  • Facilitates the predevelopment process for new commercial and residential projects; routinely meets with key stakeholders to support major economic activity and ensure City involvement adds value and direction to proposed developments.
  • Advocates for and implements policies and programs within municipal government to encourage long-term economic growth in the City; manages business retention and expansion efforts in the City’s various commercial districts; creates and manages support initiatives for the City’s small businesses.
  • Maintains a detailed portfolio of economic activity in the City, including new business activity, development, and employment statistics.
  • Supports relevant City boards and committees tasked with licensing, evaluating the success of economic development initiatives, etc.
  • Acts as a representative of the City for economic development matters when interacting with state, regional, and local agencies or organizations.
  • Oversees any and all planning initiatives as they relate to economic development.
  • Applies for grants and manages earmarks in line with the goals of the department.
  • Functions as liaison to the Chamber of Commerce and other economic development organizations and community groups.

EDUCATION & EXPERIENCE:
Minimum:
  • Bachelor’s degree in business, economics, urban planning, or related field with 3 years of related experience and 3 years of related experience in a supervisory capacity.

Beneficial:
  • Master’s degree in planning, economic development, business, or related fields would be beneficial.
  • American Institute of Certified Planners (AICP) or Certified Economic Developer (CED) credential.

KNOWLEDGE, SKILLS, ABILITIES: Please See Job Full Description
PHYSICAL & ENVIRONMENTAL WORKING CONDITIONS: Please See Job Full Description
ADDRESS ALL COVER LETTERS AND RESUMES TO:
Human Resources Department
City of Medford – Room 204
85 George P. Hassett Drive
Medford, MA 02155
Or send cover letter and resume with the job title in the subject line to jobs@medford-ma.gov
For the posting, please visit the City of Medford's website – www.medfordma.org
The City of Medford is an Equal Opportunity/Affirmative Action/504 Employer Residents of the City of Medford, Women, People of Color, Veterans and Persons with Disabilities are encouraged to apply.