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Economic Development Associate Jobs in Illinois (NOW HIRING)

RWE

Sr. Associate Development

Chicago, IL · On-site +1

$110K - $140K/yr

The Senior Development Associate will play a key role in delivering renewable energy projects in ... Bachelor's degree in engineering, business/economics, or relevant fields. Advanced degree is a plus

Fifth Third

Community Impact Manager II

Chicago, IL · On-site

Lead the development of the regions community and economic development market execution plan ... Work with internal business partners to drive engagement of region associates in community ...

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Economic Development Associate information

Is economic development a good career path?

Economic development is a viable career that involves planning and implementing strategies to improve local economies, often requiring skills in research, policy analysis, and stakeholder engagement. It offers opportunities in government agencies, non-profits, and consulting firms, with roles that can impact community growth and job creation.

What degree do you need to work in an economic development associate?

An economic development associate typically needs at least a bachelor's degree in fields such as economics, public administration, urban planning, or related areas. Relevant skills include data analysis, project management, and knowledge of economic policies, with some roles preferring or requiring a master's degree or professional certifications.

What does an Economic Development Associate do?

An Economic Development Associate supports efforts to improve the economic well-being and quality of life in communities by assisting with projects, research, and outreach related to business growth, job creation, and community development. They often work with public agencies, private organizations, and stakeholders to analyze economic trends, prepare reports, and implement programs that attract or retain businesses. Their responsibilities may also include grant writing, event planning, and helping manage communications with local businesses and government officials.

What are the key skills and qualifications needed to thrive as an Economic Development Associate, and why are they important?

To thrive as an Economic Development Associate, you need strong analytical abilities, knowledge of economic principles, and a relevant degree in economics, public administration, or a related field. Familiarity with data analysis tools, GIS software, and grant management systems is typically required. Excellent communication, relationship-building, and project management skills help you engage stakeholders and drive community initiatives. These competencies are crucial for successfully attracting investment, supporting local businesses, and fostering sustainable economic growth.

What is the difference between Economic Development Associate vs Economic Development Coordinator?

AspectEconomic Development AssociateEconomic Development Coordinator
Required CredentialsBachelor's degree in economics, urban planning, or related fieldBachelor's degree; some roles prefer experience in project management
Work EnvironmentGovernment agencies, non-profits, economic development firmsLocal government offices, economic development agencies
Employer & Industry UsageCommonly used in public sector economic initiativesOften used interchangeably with Associate, focusing on project coordination

Both roles typically require a bachelor's degree and involve working in government or non-profit sectors focused on economic growth. The main difference lies in scope: Associates often assist with research and outreach, while Coordinators may handle project management and implementation tasks. Understanding these distinctions can help job seekers target the right position based on their skills and career goals.

What are some common challenges Economic Development Associates face when working with local stakeholders?

Economic Development Associates often encounter challenges such as balancing diverse stakeholder interests, navigating complex regulatory environments, and communicating effectively with both public and private sector partners. Building consensus among local government officials, business leaders, and community members requires strong interpersonal and facilitation skills. Additionally, associates must stay adaptable to shifting economic conditions and policy changes while ensuring that projects align with both community needs and organizational goals.

What are the most commonly searched types of Economic Development jobs in Illinois?

The most popular types of Economic Development jobs in Illinois are:

What cities in Illinois are hiring for Economic Development Associate jobs?

Cities in Illinois with the most Economic Development Associate job openings:

Economic Development Associate jobs near you

Housing Development Associate (LIHTC Required)

HHDC

Chicago, IL

Full-time

Re-posted 10 days ago

Job description

SUMMARY

The Development Associate supports multiple development projects by leading discrete project components, coordinating consultants and vendors, preparing funding applications, and overseeing financial processing during construction and closing phases. This role focuses on execution and milestone achievement, and cross-team coordination under the guidance of the Vice President of Real Estate Development.

ESSENTIAL JOB FUNCTIONS include the following. Other duties may be assigned.

  • Serve in both support and lead roles for discrete project management tasks across multiple pipeline development projects.
  • Coordinate project activities and objectives with contractors, consultants, vendors, and internal stakeholders.
  • Support real estate pipeline efforts, including site selection, zoning analysis, feasibility studies, market analysis, preparation of preliminary project budgets, and responses to Requests for Proposals (RFPs).
  • Prepare and submit funding applications to public and private funders and assist during underwriting, due diligence, and project closings, including coordination of third-party consultant reports.
  • Manage construction draws, invoices, and the disbursement of project funds and awards during closing and construction phases.
  • Prepare draw requests, supporting documentation, and monthly reporting to financing partners.
  •  Perform other duties as assigned.

WORKING ENVIRONMENT

This job operates in a professional office environment. This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets and fax machines.

Position experiences interruptions, need for frequent shifting priorities, and deadlines.

PHYSICAL DEMANDS

The physical demands are representative of those that must be met by an employee in an office setting to successfully perform the essential functions of this job: talking, hearing, walking, sitting, standing, stooping, kneeling or crouching, reaching, handling; carrying and lifting objects, using office and computer equipment (visual contact and keyboard manipulation) as well as the telephone system.

Travel is required to prospective developments and meetings in the community.

Regular, predictable attendance is an imperative job function. Evening and weekend work may be required as job duties demand.

MINIMUM QUALIFICATIONS

  • Bachelor’s degree in Finance, Accounting, Economics, Urban Planning, or related field.
  • Two (2) years of experience in low-income housing development or related work.

PREFERRED QUALIFICATIONS

  • Master’s degree in Finance, Accounting, Economics, Urban Planning, or related field.
  • Four (4) years of experience in low-income housing development.

SUCCESS FACTORS

  • Strong time management and organizational skills with attention to detail and accuracy.
  • Superior written and verbal communication and relationship management skills.
  • Highly effective problem-solving and flexibility while remaining focused on solutions.
  • Advanced proficiency with MS Word, Excel, Outlook, and PowerPoint.
  • Openness to application of Artificial Intelligence platforms to Essential Job Functions.
  • Ability to manage multiple priorities and deadlines with attention to detail.
  • Collaborative mindset and a commitment to a customer-service orientation toward residents and stakeholders.
  • Willingness to travel occasionally and work flexible hours as needed.
  • Commitment to professional development and a passion for learning and growth.
  •  Exercises sound judgments in stressful situations in order to solve problems quickly and efficiently.