Sr. Economic Development Manager (Open Until Filled)

About the role

Job Summary: Manages the Economic Development division’s Salt Lake County finance portfolio. Puts together development finance agreements to improve neighborhoods, communities, and people’s lives. Manages and strengthens relationships with external partner organizations.

What it is like to work here: At Salt Lake County, our culture is woven into every aspect of our work and our employees' lives, from how we treat one another to how we support the community. To promote and foster a fun and healthy work environment, we appreciate employees through great benefits, a healthy work-life balance, and room to grow and develop. Surround yourself with peers who are motivated to make a difference in the lives of those we serve. We serve Salt Lake County and envision a safe and beautiful place for all to live, work, and have fun. Salt Lake County is about connecting people and championing our community. Community is more than a place... It’s our spirit and service that bring us together. We encourage a work-life balance; working for Salt Lake County is more than just a paycheck.

Responsibilities

• Oversees the administration of the Tax Increment Financing (TIF) program for Salt Lake County.
• Manages TIF proposals from submission through Mayor and County Council approval, followed by compliance monitoring and return-on-investment evaluation.
• Performs due diligence on TIF proposals, reviewing pro formas to evaluate proposed financing gaps and market failures.
• Writes project memos to evaluate TIF proposals and brief County staff.
• Meets with municipal redevelopment agencies to discuss potential redevelopment projects, occasionally walking potential project areas or reviewing opportunities with other parties.
• Partners with municipal agencies and/or partner organizations on TIF proposals for any potential improvements.
• Coordinates with consultants to obtain sufficient due diligence or improvements on TIF proposals.
• Meets with property developers to discuss potential redevelopment projects and improve understanding of barriers to investment in the County, and increase awareness of industry issues.
• Meets with other taxing entities, non-profit, municipal, state, and federal organizations involved in development finance projects to build a strong consensus around the participation demographics in the various projects to understand how to target messaging and opportunities.
• Manages the Environmental Protection Agency (EPA) Revolving Loan Funds (RLFs), which require development of written policies and procedures, program design, marketing strategy, project screening and analysis, public/private partnerships, and a comprehensive approval process.
• Underwrites, services, and monitors all loans/sub-grants in portfolio, complies with all federal grant guidelines, and negotiates federal funding renewals.
• Actively builds and strengthens relationships with stakeholders and external partner organizations, while facilitating connections among them.
• Oversees research, strategy, partnerships, and contracts for applicable programs and projects as assigned.
• Manages oversight of active projects to ensure compliance and evaluate return on investment to inform future project participation.
• Works with research partners on collaborative studies to assess the return on investment of development finance projects.
• Assists in developing, analyzing, and submitting the annual revenue and expenditure budget plan and mid-year adjustments for applicable programs and ensures that project goals are met.
• Makes presentations to councils, commissions, business leaders, and the public on behalf of the Economic Development Director.
• Prepares publications, materials, business presentations, marketing collateral, and other educational materials.
• Performs data and statistical analysis; creates statistical reports, graphs, images, and lists to simplify complex data.

Requirements

Minimum Qualifications: Bachelor’s degree from an accredited college or university in Business Administration, Communication, Finance, Marketing, Economics, or other closely related field, plus five (5) years of related experience; OR an equivalent combination of related education and experience. Due to the nature of this position, the successful applicant must pass a required background check through fingerprinting and enrollment in the continuous RAP Back (Record of Arrest and Prosecution Back) program in accordance with current County Human Resources policy requirements.

Skills

Knowledge of Tax Increment Financing (TIF); Federal grant management; Program management, implementation, compliance, and monitoring; Commercial real estate development, market analysis, and pro formas; Research and data collection methods; Program evaluation strategies and techniques; Public hearing and public meetings procedures; Community outreach methods and techniques; Computer software, programs, and web writing related to job-specific duties; Effective negotiation techniques and strategies.

Skills