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Director Of Economic Development information

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$48.1K

$122.9K

$200.3K

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

As of Aug 11, 2026, the average yearly pay for director of economic development in Virginia is $122,871.00, according to ZipRecruiter salary data. Most workers in this role earn between $88,700.00 and $152,200.00 per year, depending on experience, location, and employer.

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.

Is a director of economic development a good career path?

A director of economic development is a senior leadership role focused on promoting economic growth and community development, often requiring strong skills in strategic planning, public relations, and data analysis. It can offer a stable career with opportunities for advancement, but typically requires relevant experience and a background in economics, public policy, or related fields.

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.

What are popular job titles related to Director Of Economic Development jobs in Virginia? For Director Of Economic Development jobs in Virginia, the most frequently searched job titles are:
What job categories do people searching Director Of Economic Development jobs in Virginia look for? The top searched job categories for Director Of Economic Development jobs in Virginia are:
What cities in Virginia are hiring for Director Of Economic Development jobs? Cities in Virginia with the most Director Of Economic Development job openings:
Director Of Economic Development jobs near you
Infographic showing various Director Of Economic Development job openings in Virginia as of August 2026, with employment types broken down into 1% As Needed, 81% Full Time, 15% Part Time, and 3% Contract. Highlights an 92% Physical, 2% Hybrid, and 6% Remote job distribution, with an average salary of $122,871 per year, or $59.1 per hour.

Director of Economic Development

Acord (association For Cooperative Operations Research And Development)

Newport News, VA • On-site

$120 - $190/hr

Other

Medical, Dental, Vision, Life, Retirement

Posted 6 days ago

Job description

Overview

The dynamic and award-winning City of Newport News is seeking an accomplished Director of Economic Development to guide the next chapter of economic growth in one of Virginia’s largest and most strategically located cities. Home to approximately 186,247 residents and major maritime, shipbuilding, advanced manufacturing, research, and defense industries, Newport News offers an exceptional opportunity for a visionary executive to promote investment, business growth, workforce development, and economic opportunity.

Leadership & Management

Working closely with City leadership and a broad network of business, industry, government, and higher education partners, the Director will lead a team of 28 professionals and oversee an annual departmental budget of approximately $2.6 million. The City’s commitment to economic development is further supported by an $18 million allocation in its five-year Capital Improvement Plan and funding for workforce development and the Newport News Opportunity Center.

Strategic Responsibilities

This executive leader will serve as the City’s chief economic development strategist and advisor, leading business attraction, retention, and expansion; transformational redevelopment and placemaking; economic development finance and incentive programs; public-private partnerships; marketing; and City real estate initiatives. The Director will negotiate complex deals, cultivate cross-sector partnerships, strengthen the tax base, support entrepreneurship and high-wage job creation, and position Newport News nationally as a premier destination for innovation, advanced industry, logistics, and investment.

Desired Candidate Profile

The ideal candidate is a dynamic, forward‑thinking, and politically astute economic development professional with a demonstrated record of success in business attraction and retention, real estate development, deal structuring, redevelopment, and strategic growth initiatives. Candidates should bring exceptional leadership presence, communication and relationship‑building skills, sound judgment, and the ability to unite diverse stakeholders around a shared vision while delivering measurable results.

Qualifications

Required qualifications include a bachelor’s degree in Economic Development, Business Administration, Economics, Public Administration, Urban or Regional Planning, Finance, Real Estate Development, or a related field, along with at least 10 years of progressively responsible relevant experience, including five years in a senior leadership role. A master’s degree is strongly preferred. Professional certifications such as CEcD, AICP, CCIM, or EDFP are highly desirable.

Compensation & Benefits

The City offers a highly competitive salary commensurate with qualifications and a comprehensive benefits package including relocation assistance; health, dental, vision, and life insurance; an employer-sponsored health clinic; flexible spending accounts; short‑term disability; an Employee Assistance Program; and retirement through the Virginia Retirement System.

How to Apply

First review of applications: Monday, August 10, 2026. Position open until filled; early applications are encouraged. Submit a cover letter, résumé, and six professional references to apply@executiverecruitmentsolutions.com. Confidential inquiries may be directed to Robert Burg at (805) 264-2663. Detailed brochure available at www.executiverecruitmentsolutions.com.

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