The International Economic Development Council (IEDC) is a non-profit, non-partisan membership organization serving economic developers, primarily in the US, but has members throughout the world. With more than 5,000 members, and a rich 95-year history born from the merger of its two predecessor organizations in 2001, IEDC is the largest organization of its kind.
IEDC aims to support economic developers so they may better promote economic well-being and quality of life for their communities through a variety of professional development opportunities, publications and other resources, technical assistance, and US federal government advocacy activities.
With a diverse funding stream, IEDC sustains its membership services through a variety of conferences and other programming, as well as federal contracts and foundation supported programs. The organization maintains both the industry gold-standard certification, the Certified Economic Developer (CEcD) and the newly introduced, specialized Entrepreneurship Development Professional (EDP), as well as the organizational-based accreditation, the Accredited Economic Development Organization (AEDO). In addition, the IEDC delivers an annual awards program, hosts a job posting platform, sells relevant publications, hosts webinars, education courses and three to four conferences a year, and much more. The organization also manages The Bollinger Foundation pro bona as part of its giving back to the community.
As a dynamic and responsive organization, IEDC strives to both anticipate the long-term needs of the economic development profession and respond to meet the moment in times of crises. This is evident in the work the organization did to assist the Gulf Coast recover from Hurricane Katrina and the vast amount of disaster recovery technical assistance it has done since. This work has leant itself well to the current moment, as the world tackles a more nuanced recovery. IEDC has also recently focused more of its resources and experience to help solidify the economic developer’s role in ensuring DEI is integrated into all facets of a community’s business fabric.
IEDC is governed by a diverse 55-member board, with directors hailing from throughout the United States, and as mandated by the organization’s Bylaws, Canada and Europe. The 7-member Governance Committee is responsible for coordinating the work of the board and is assisted by the President & CEO, who is an ex-officio member.
The President and CEO reports to and works with the Board of Directors and leads all facets of oversight of the $6M, 30-staff organization. The President and CEO will serve as the chief spokesperson and ambassador representing IEDC as the premier nonpartisan membership organization representing economic developers across the United States. The successful candidate will develop relationships with federal government agencies while seeking out new grant opportunities and maintain existing funding streams. The President and CEO will recruit new members and retain the existing membership base, including to the organization’s Economic Development Research Partners (EDRP) program, the premier membership level that supports practice-oriented research.
Specifically, the CEO is responsible for the following:
- Strategic Direction. Provides strategic and collaborative leadership in the development and implementation of IEDC’s long-range strategic plan in conjunction with the Board, ensuring the organization continues to innovate, adapt and grow in response to evolving industry trends. Provides leadership in achieving the vision and mission of the organization and ensures alignment with financial and operational goals.
- Board Relations. Builds and maintains a trusting, collaborative, and transparent relationship with the Board of Directors. Provides regular feedback to the Board on strategic, operational, and programmatic matters impacting the organization, keeping them apprised of progress and challenges in meeting key goals in strategic and operational plans.
- External Affairs. Serves as the organization’s primary spokesperson, building strategic partnerships and coalitions consistent with IEDC’s overall mission and priorities.
- Diversity Equity & Inclusion: IEDC is committed to creating an environment of promoting diversity, inclusion, and equity across the profession and promoting future leaders in economic development. The President & CEO will create and maintain networks within the economic development profession to ensure future leaders reflect the diversity of the communities they serve.
- Programs and Services. Ensures IEDC delivers strong value to members by developing and delivering relevant offerings, tools, and services that address the latest industry trends. Develops timely and relevant programs and educational offerings to help members adapt to a rapidly changing industry while elevating the economic development profession. Encourages member participation in IEDC’s organizational level accreditation, Accredited Economic Development Organization (AEDO), and personal certification Certified Economic Developer (CEcD)
- Revenue Generation. Builds upon current revenue sources and identifies new value-added services/ and resources. Develops innovative programming, events, and educational resources to continually increase value for members. Actively drives IEDC’s long-term financial growth and stability to secure funding from a diversity of sources.
- Staff Leadership. Leads and engages professional team of approximately 30 staff who demonstrate a commitment to excellent member service and delivery of relevant programs, education, tools, and events. Attracts, inspires, and retains a strong, motivated staff while developing future leaders for IEDC. Embody positive leadership to empower staff to work effectively and support the organization’s mission in their daily work
- Financial and Operational Oversight. Develops and ensures a balanced budget annually that is aligned to the strategic goals of the organization. Provides fiscally responsible administration in partnership with the CFO to maintain and grow the organization’s financial position/fund balance, while making recommendations for changes to dues structures and other verticals as necessary to ensure the continued financial health of the organization.
Economic development is a complex profession encompassing numerous activities including real estate, finance, marketing, working with the public and private sectors and requires knowledge of business incubation, infrastructure development, research/industrial parks, commercial and retail development and many aspects of job growth and decline in our economy.
IEDC seeks a well-respected, strategic leader of high ethical integrity, with the relevant experience, background and leadership competencies to advance the organization’s mission and impact with members. The President and CEO will be a dynamic and innovative leader who builds on IEDC’s strong legacy, while bringing a fresh approach to positively impact the future of the economic development profession. The ideal candidate will have a minimum of 10 years of executive-level leadership experience in an organization of comparable size, complexity, and scope. The President and CEO will have demonstrated experience developing and implementing a visionary strategic plan in conjunction with a diverse influential, executive-level Board of Directors. Among the key qualifications are the following:
- A strong commitment and passion for advancing the mission and vision of IEDC.
- Proven record of promoting diversity, equity, and inclusion in all aspects of business and civic life.
- Demonstrated experience working effectively with a diverse Board of Directors to advance an organization’s priorities and achieve impactful outcomes.
- Exceptional gravitas, confidence, and stellar communications skills to position IEDC as the voice of the profession with myriad external audiences including the media, federal government, and business community.
- A collaborative, inclusive leader and team player with a track record for effectively empowering and developing staff including recruiting and retaining top caliber professional talent.
- A track record for effectively leading the development and execution of a comprehensive and visionary long-range strategic plan in conjunction with a Board of Directors and staff.
- Proven management, business, and financial acumen within an organization of similar scale and complexity.
- Technology savvy with an understanding of how to leverage new tools to better serve members and communicate latest industry trends.
- An ability to generate new revenue sources while managing the operating budget in a cost constrained environment.
- Excellent interpersonal and relationship-building skills. Ability to build collaborative partnerships with key external stakeholders including entrepreneurs, private equity, and community development leaders, among others. Demonstrated political savvy, with ability to drive influence and build consensus among diverse stakeholders.
Master’s degree and/or CEcD desired; Bachelor’s Degree required.
A competitive compensation package will be provided to attract outstanding candidates.
Korn/Ferry shall provide equal employment opportunity to all qualified candidates, and will refer candidates without regard to race, color, religion, national origin, sex, age, disability, veteran status or any other legally protected basis.