What skills does a economic development coordinator need?

A economic development coordinator needs 12 essential skills including government policy implementation, public finance, economics, maintain relations with local representatives, liaise with local authorities. Core competencies include .

Will AI replace economic development coordinator jobs?

The AI disruption score for economic development coordinator is 31/100 (low risk). Some tasks may be automated but the role will evolve rather than disappear entirely.

Public Administration & LegalLegal, social and cultural professionalsISCO 2631

economic development coordinator

Economic development coordinators outline and implement policies for the improvement of a community's, government's or institution's economic growth and stability. They research economic trends and coordinate cooperation between institutions working in economic development. They analyse potential economic risks and conflicts and develop plans to resolve them. Economic development coordinators advise on the economic sustainability of institutions and economic growth.

European Skills Framework

Skills and knowledge areas required for this occupation based on European classification.

Essential (12)

government policy implementationgovernment policy implementationThe procedures related to the application of government policies at all levels of public administration.public financepublic financeThe economic influence of the government, and the workings of government revenue and expenditures.economicseconomicsEconomic principles and practices, financial and commodity markets, banking and the analysis of financial data.maintain relations with local representativesmaintain relations with local representativesMaintain good relations with representatives of the local scientific, economic and civil society.liaise with local authoritiesliaise with local authoritiesMaintain the liaison and exchange of information with regional or local authorities.advise on economic developmentadvise on economic developmentAdvise organisations and institutions on the factors and steps they could take which would promote and ensure economic stability and growth.maintain relationships with government agenciesmaintain relationships with government agenciesEstablish and maintain cordial working relationships with peers in different governmental agencies.analyse economic trendsanalyse economic trendsAnalyse developments in national or international trade, business relations, banking, and developments in public finance and how these factors interact with one another in a given economic context.develop economic policiesdevelop economic policiesDevelop strategies for economic stability and growth in an organisation, nation, or internationally, and for the improvement of trade practices and financial procedures.consider economic criteria in decision makingconsider economic criteria in decision makingDevelop proposals and take appropriate decisions taking into account economic criteria.assess risk factorsassess risk factorsDetermine the influence of economical, political and cultural risk factors and additional issues.advise on legislative actsadvise on legislative actsAdvise officials in a legislature on the propositioning of new bills and the consideration of items of legislation.

Optional (17)

financial forecastingfinancial forecastingThe tool used in performing fiscal financial management to identify revenue trends and estimated financial conditions.statisticsstatisticsThe study of statistical theory, methods and practices such as collection, organisation, analysis, interpretation and presentation of data. It deals with all aspects of data including the planning of ...market analysismarket analysisThe field of market analysis and research and its particular research methods.create solutions to problemscreate solutions to problemsSolve problems which arise in planning, prioritising, organising, directing/facilitating action and evaluating performance. Use systematic processes of collecting, analysing, and synthesising informat...manage government-funded programmesmanage government-funded programmesImplement and monitor the development of projects subsidized by regional, national or European authorities.carry out strategic researchcarry out strategic researchResearch long term possibilities for improvements and plan steps to achieve them.analyse market financial trendsanalyse market financial trendsMonitor and forecast the tendencies of a financial market to move in a particular direction over time.apply statistical analysis techniquesapply statistical analysis techniquesUse models (descriptive or inferential statistics) and techniques (data mining or machine learning) for statistical analysis and ICT tools to analyse data, uncover correlations and forecast trends.ensure information transparencyensure information transparencyEnsure that required or requested information is provided clearly and completely, in a manner which does not explicitly withhold information, to the public or requesting parties.apply systemic design thinkingapply systemic design thinkingApply the process of combining systems thinking methodologies with human-centred design in order to solve complex societal challenges in an innovative and sustainable way. This is most often applied i...advise on public financeadvise on public financeAdvise public organisations such as governmental organisations on their financial operations and procedures, to ensure optimal efficiency.ensure cross-department cooperationensure cross-department cooperationGuarantee communication and cooperation with all the entities and teams in a given organisation, according to the company strategy.carry out statistical forecastscarry out statistical forecastsUndertake a systematic statistical examination of data representing past observed behaviour of the system to be forecast, including observations of useful predictors outside the system.develop professional networkdevelop professional networkReach out to and meet up with people in a professional context. Find common ground and use your contacts for mutual benefit. Keep track of the people in your personal professional network and stay up ...advise on government policy complianceadvise on government policy complianceAdvise organisations on how they may improve their compliance to the applicable government policies they are required to adhere to, and the necessary steps which need to be taken in order to ensure co...present reportspresent reportsDisplay results, statistics and conclusions to an audience in a transparent and straightforward way.manage government policy implementationmanage government policy implementationManage the operations of the implementation of new government policies or changes in existing policies on a national or regional level as well as the staff involved in the implementation procedure.