09/21/2000 16000

ECONOMIC DEVELOPMENT ANALYST 1

DEFINITION: This is entrance level 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 assists in conducting various studies related to technology, city and/or regional planning, energy, financing, or other related community, economic, industrial, or business development fields. Work involves assisting higher-level economic professionals to provide technical assistance and advice to community organizations and business persons regarding loan, grant, or bond programs; to develop and use advanced analytical and quantification techniques in drafting scenarios and economic models; and to collect, organize, and analyze data. Responsibilities include reviewing and evaluating loans, grants, and project and bond applications; monitoring project expenditures; following-up on delinquent accounts; and preparing progress reports for compliance. Work includes preparing reports related to supply and demand in the community, economic, industrial, or business development fields, and extracting and analyzing data from periodicals, trade journals, and other publications and preparing summary reports on current developments in the community and economic development field. Work is outlined by the supervisor and reviewed for adherence to established policies and procedures.

EXAMPLES OF WORK: Assists in conducting various research studies.

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

Works with higher-level economic development analysts in providing technical assistance and answering general questions regarding the eligibility of loans and projects.

Assists in reviewing and evaluating loan, grant, or industrial bond applications for program eligibility requirements.

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

Assists with the development of a portfolio for loans or project investments.

Organizes data into meaningful forms such as graphs, charts, and tables.

Presents data in graphic, oral, and narrative form.

Works with higher-level economic development analysts to develop and use advanced analytical and quantification techniques in drafting scenarios and economic models.

Maintains records and files of reports and studies.

Extracts and analyzes data from various sources to prepare reports.

Assists in gathering, organizing, analyzing, and preparing material in response to requests for information.

Performs 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 objectives of Federal, state, and private sector financial assistance and loan programs related to community, economic, industrial, and business development.

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 grants and contracts.

Knowledge of research methodology and techniques.

Knowledge of basic statistical procedures.

Ability to evaluate financial and research applications.

Ability to gather, assemble, correlate, and analyze facts and devise solutions to administrative problems.

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

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

Ability to establish and maintain effective working relationships with associates, public and private representatives of energy producers, and other contacts.

Ability to organize and present the results of research or analysis in oral, written, and graphic form.

MINIMUM EXPERIENCE AND TRAINING: A bachelor's degree in business or public administration or a related field;

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An equivalent combination of experience and training.