09/21/2000 15980

ECONOMIC DEVELOPMENT ANALYST 2

DEFINITION: This is responsible administrative, professional, and technical work in the fields of community, economic, industrial, and business development in the Department of Community and Economic Development.

An employee in this class conducts various studies related to technology, city and/or regional planning, energy, financing, or other related community, economic, industrial, or business development fields. Work involves providing technical assistance and advice to community organizations and business persons regarding loan, grant, or bond programs; developing and using advanced analytical and quantification techniques in drafting scenarios and economic models; and collecting, organizing, and analyzing data. Responsibilities include reviewing, evaluating, and recommending approval/disapproval of loans, grants, project and bond applications; monitoring project expenditures; following- up on delinquent accounts; and preparing progress reports for compliance. Work includes reviewing periodicals, trade journals, and other publications to keep informed of trends in the technology, energy, city and/or regional planning, finance, economic, or business development fields. Contacts will be maintained with representatives of local government, business and financial firms, public and private energy interests, regional planning commissions, and higher education institutions. The employee may be assigned to a regional area. Work is performed independently and is reviewed by a supervisor for adherence to established policies and procedures.

EXAMPLES OF WORK: Conducts various research studies.

Prepares reports related to the community, economic, industrial, or business development fields.

Provides technical assistance and advice to business persons regarding loan, grant, or bond programs.

Reviews and evaluates business loans, grants, projects and bond programs and recommends approval/disapproval to a board.

Follows up on delinquent accounts to collect past due monies owed to the Commonwealth.

Develops a portfolio pertaining to business, grants, projects and bond loans. Organizes data into meaningful forms such as graphs, charts, and tables.

Presents data in graphic, oral, and narrative form.

Drafts scenarios and economic models using advanced analytical and quantification techniques.

Maintains records and files of reports and studies.

Gathers, organizes, analyzes, and prepares material in response to requests for information.

Reviews, extracts and analyzes data from various sources to prepare reports.

Assists the supervisor in developing and maintaining an information system to monitor and evaluate program impacts.

Performed related work as required.

REQUIRED KNOWLEDGES, SKILLS, AND ABILITIES: Knowledge of the principles and practices of public administration or regional planning.

Knowledge of the principles, practices, and methods of industrial and commercial financing and a working knowledge of the Internal Revenue Code pertaining to, community, economic, industrial, and business loans.

Knowledge of the principles, practices, and objectives of federal, state, and private sector financial assistance and loan programs related to community, economic, industrial, and business development.

Knowledge of real estate methods and techniques utilized in real estate transactions.

Knowledge of measurement and statistical methods in program evaluation and the reporting of program outputs.

Knowledge of information sources and standard procedures employed in the management of loans, grants, and contracts.

Knowledge of research methodology and techniques.

Knowledge of basic statistical procedures.

Ability to analyze, evaluate, and recommend action on loan and research applications. Ability to gather, assemble, correlate and analyze facts and devise
solutions to administrative problems.

Ability to meet with public and private sector management officials and to advise them on business, economic and industrial development programs.

Ability to comprehend program goals, objectives and operations, and to relate these to administrative analysis.

Ability to apply and interpret departmental policies and procedures.

Ability to express ideas clearly and concisely, orally and in writing, and to speak effectively before large groups.

Ability to plan, organize, and conduct general research projects effectively.

MINIMUM EXPERIENCE AND TRAINING: One year of experience as an Economic Development Analyst 1;

                                                                                                                                            or

One year of experience in private or public economic and/or community development programs, and a bachelor's degree in accounting, business, public administration, or a related field;

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An equivalent combination of experience and training.

A master's degree in business or public administration may be substituted for one year of experience.