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Description

The City of Covington’s Assistant Economic Development Director and Executive Director of the Covington Economic Development Authority will focus on new commercial real estate projects and will assist efforts to attract, facilitate, and support commercial development projects within the City of Covington. The position will also work with the department's business attraction, retention and expansion staff on traditional jobs development efforts. This position requires a candidate with a strong background in economic development, urban planning, and commercial real estate.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

The following duties are normal for this position. These are not to be construed as exclusive or all-inclusive. Other duties may be required and assigned.

• Collaborate with the Economic Development Director to negotiate and close commercial development deals on behalf of the City.

• Identify and target potential developers, investors, and businesses interested in undertaking commercial development projects in the city, especially those associated with the City's Central Riverfront redevelopment work. Information about that initiative can be found here:https://thecovky.gov/covington-central-riverfront/.

• Provide staff support for monthly meetings of the Covington Economic Development Authority Board meetings.

• Provide guidance and support to developers, builders, and businesses throughout the development process.

• Build and maintain relationships with local developers, architects, real estate professionals, and other industry partners to foster collaboration and innovation in economic development projects.

• Provide recommendations to the Covington Economic Development Authority Board for the use of Tax Increment Finance District funds to help achieve the city's economic development goals.

• Monitor and evaluate the progress and impact of commercial construction projects, reporting on key metrics, successes, and areas for improvement.

• Supervise management level staff in the areas of Business Attraction and Business Retention and Expansion.

• Position reports to the Director of Economic Development.

• Oversees the analysis and underwriting of business and developer applications for financial incentives, including return on investment and/or cost/benefit summaries.

Qualifications

• Bachelor's degree in Urban Planning, Commercial Real Estate Finance, Economic Development, or a related field. A Master's degree is preferred.
• A minimum of 5 years of experience in economic development, urban planning, or commercial real estate development, with a proven track record of successful project management.
• A deep understanding of the uniqueness of Covington; it's history, identity, and aspirations.
• Strong knowledge of economic development finance, commercial real estate, public/private partnerships, project underwriting.
• Excellent communication and interpersonal skills, with the ability to engage and collaborate with a diverse range of stakeholders.
• Strong problem-solving abilities, with a keen eye for detail and a proactive approach to addressing challenges and opportunities.

The Assistant Economic Development Director and Director of the Covington Economic Development Authority with a focus on commercial construction will play a vital role in driving economic growth, revitalization, and innovation in the city. If you are a dynamic and results-driven professional with a passion for commercial construction and economic development, we invite you to apply for this exciting opportunity.