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Director of Economic Development

International Economic Development Council

Newport News, VAJobNo compensation foundPosted 1mo agoVerified open 1w ago

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At a glance

Compensation
No compensation found
Location
Newport News, VA
Work Authorization
Not specified

Requirements

Credentials this posting asks for.

Bachelor's degree

Job overview

International Economic Development Council is hiring a Director of Economic Development. The City of Newport News seeks a Director of Economic Development to lead economic growth, investment, and business expansion. This executive will manage a team of 28 professionals, oversee a significant departmental budget, and serve as the chief economic development strategist. The role involves promoting investment, business growth, workforce development, and economic opportunity within one of Virginia's largest cities.

Key focus areas include Lead a team of 28 professionals and oversee an annual departmental budget of approximately $2.6 million, Develop and execute strategies for business attraction, retention, and expansion across maritime, shipbuilding, advanced manufacturing, research, and defense industries, and Negotiate complex deals and cultivate cross‑sector partnerships to strengthen the tax base and create high‑wage jobs.

Successful candidates bring Bachelor's In Economic Development, Business Administration, Economics, Public Administration, Urban Or Regional Planning, Finance, Real Estate Development, Or A Related Field, 10 Years Progressively Responsible Relevant Experience, and 5 Years Senior Leadership Role Experience. Important skills include Business Attraction And Retention, Real Estate Development, Deal Structuring, Redevelopment, Strategic Growth Initiatives, and Leadership Presence. Preferred (not required): Economic Development Strategy, Expansion, Placemaking, and Economic Development Finance.

Skills & qualifications

RequiredNice to have

Skills

Business Attraction and RetentionReal Estate DevelopmentDeal StructuringRedevelopmentStrategic Growth InitiativesLeadership PresenceCommunicationRelationship-BuildingSound JudgmentUnite Diverse StakeholdersEconomic Development StrategyExpansionPlacemakingEconomic Development FinanceIncentive ProgramsPublic-Private PartnershipsMarketingCity Real Estate InitiativesNegotiate Complex DealsCultivate Cross-Sector PartnershipsStrengthen Tax BaseSupport EntrepreneurshipHigh-Wage Job Creation

Qualifications

Bachelor's in Economic Development, Business Administration, Economics, Public Administration, Urban or Regional Planning, Finance, Real Estate Development, or a Related Field10 Years Progressively Responsible Relevant Experience5 Years Senior Leadership Role ExperienceMaster's DegreeCEcDAICPCCIMEDFP

Benefits

Relocation Assistance
Medical Insurance
Dental Insurance
Vision Insurance

Full job description

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.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.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.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.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.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. 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 [email protected]. Confidential inquiries may be directed to Robert Burg at (805) 264-2663. Detailed brochure available at www.executiverecruitmentsolutions.com.

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