The listed duties are essential job functions that the position has been created to perform. The list of duties is not exhaustive. The employee may be called upon to perform any task that is implied from the listed duties or is within the scope of the general summary.
- Develop and manage ED tools such as TIRZ, BID, Opportunity Zones to leverage private investment through strategic public investment in redevelopment.
- Prepare financial and technical analyses, economic and fiscal impact reports, and other planning and real estate analyses for consideration by EDC board and/or City Council when redevelopment projects and or public investments are proposed.
- Create and negotiate public/private partnerships through (re)development agreements, and evaluate the appropriate level of public investment, public financing, and other assistance to facilitate private investment in the City.
- Develop Requests for Ideas, Requests for Proposals and/or Request for Qualifications for EDC-supported projects. Ensure projects are consistent with the EDC’s Strategic Plan as well as other City priorities.
- Provide technical assistance to City staff, EDC Board, and Council regarding redevelopment opportunities, economic and market analysis and implementation strategies.
- Coordinate and provide recommendations regarding redevelopment project activities, including real estate acquisition and disposition, relocation, demolition, building construction and rehabilitation, property management, and public improvements.
- Develop and maintain a database of vacant and underutilized commercial buildings and properties that could be redeveloped.
- Communicate regularly with the business, real estate and builder communities to market potential development opportunities, provide information about EDC incentives and to understand the current markets within Pasadena.
- Work directly with internal and external parties to successfully close economic development transactions, including but not limited to, development of and adherence to closing schedule, negotiation of deal points, review and critique of governing loan/grant documents and collection of due diligence.
OTHER REQUIRED DUTIES & RESPONSIBILITIES:
- Attend monthly EDC Board meetings;
KNOWLEDGE, SKILLS & ABILITIES:
- Knowledge of recent innovations and current literature in suburban redevelopment
- Familiarity with one or more planning disciplines such as Urban Design, Affordable Housing, Land Use or Sustainable Development
- Manage projects effectively and meet firm deadlines
- Ability to assess and coordinate various professions such as architects, engineers, designers and contractors
- Strong writing and presentation skills
- Excellent research and data organization skills
- Must be self-motivated and self-directed
- Spanish speaker (preferred not required)
- Valid Driver’s License
EDUCATION, EXPERIENCE & LICENSES:
- Bachelor’s Degree in Economics, Regional Planning, Public Policy, Business, or related field;
- Four (4) years of related professional experience
- Master’s Degree in Economics, Regional Planning, Public Policy, Business, or related field;
Seven (7) years of related professional experience
Previous experience in local economic development