Economic Development Incentive Specialist III

  • Economic Development Incentive Specialist III
  • What will I be doing?
  • Do I qualify?
  • Can I be successful?
  • Benefits
  • How do I apply?
Class Number: 
7903
Annual Salary Range:
$42,780.00 – $62,556.00
Twice-a-Month Salary Range:
$1,782.50 – $2,606.50
Pay Grade: 
A27

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Definition

This is senior-level professional work for the Missouri Department of Economic Development planning and coordinating complex economic development incentive activities, or comparable work assisting in the management of a major tax benefit program.

Job Duties

Plans, coordinates and implements statewide activities of tax credit, loan and/or grant programs.

Reviews, evaluates and certifies applications for tax credits, tax abatements, income tax exemptions, grants, loans and/or project extensions from businesses, communities and individuals; determines eligibility in accordance with regulations and program guidelines; maintains database of program information.

Serves as lead worker on highly complex and sensitive projects; provides technical assistance and guidance to other professional staff relating to work methods and program procedures.

Provides technical advice and assistance to businesses, communities and the general public regarding tax credits, grants, enterprise zones and loan programs.

Participates in the development of tax credit legislation and program policies; prepares comment summaries and purpose statements for the official rules and regulations of the assigned program.

Responds to inquiries relating to tax credit procedures, qualifying contributions or expenditures and required documentation.

Conducts periodic on-site visits to authorized projects to ensure adherence to program policies; monitors project activities, budget, and client referrals; reviews contracts and inspects documentation reports.

Participates in the preparation of program budget recommendations and justifications; administers approved budget for the assigned economic development incentive program.

Prepares and presents program-specific seminars and workshops to prospective clients, community representatives, economic development professionals and the general public.

Provides assistance to company and independent accountants, tax attorneys and taxpayers relating to the procedures for completing program applications, forms and schedules.

Prepares tax benefit packages designed to attract and retain businesses in the State of Missouri.

Prepares monthly/annual statistical reports and five-year assessments of assigned program activities.

Plans and schedules work activities to achieve established program goals.

Exercises considerable independence and initiative in the administration of assigned program activities; receives general administrative direction.

Performs other related work as assigned.

Areas of Interest: 
Accounting, Auditing & Finance; Business Services; College Graduates

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(The following minimum qualifications will determine merit system eligibility.  Allowable experience and education substitutions are provided in italics below the corresponding minimum qualification statement; no other substitutions will be permitted.  These minimum qualifications may also be used to evaluate applicants for Missouri Uniform Classification and Pay System positions not requiring selection from merit registers.)

Two or more years of experience as an Economic Development Incentive Specialist II with the Missouri Department of Economic Development.

OR

A Bachelor’s degree from an accredited college or university with a minimum of 24 earned credit hours in one or a combination of the following:  Finance, Accounting, Marketing, Economics, Business or Public Administration, or a closely related field; and,

Four or more years of professional experience in finance, accounting, marketing, loan, grant or tax administration, community or economic development, or business management.

(A Master’s degree from an accredited college or university in the specified fields may substitute for one year of the required experience.)

Please note that documentation that supports your eligibility (i.e. transcripts, employment records, etc.) may be required at any time during the application and hiring process. If you do not possess the minimum qualifications, please consider one of many other employment opportunities with the State of Missouri.

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Key Skills

Do you possess the key skills which are considered essential for successful employment in this classification?

Comprehensive knowledge of state and federal rules and regulations applicable to the assigned program.

Comprehensive knowledge of the nature and objective of the assigned economic development incentive program and its application to business development and expansion in Missouri.

Comprehensive knowledge of tax benefits administration, grants management and program evaluation.

Comprehensive knowledge of financial and tax management, economic development, accounting and auditing principles and procedures.

Ability to plan, organize, coordinate and evaluate a statewide economic development incentive program for the attraction of new or expanding business operations/facilities.

Ability to interpret and apply statutes, regulations and agency policies related to the assigned program.

Ability to analyze and interpret complex financial data and tax-related documents.

Ability to provide technical assistance and guidance to other professional staff in work methods and program procedures.

Ability to communicate effectively and to prepare complete and concise reports.

Ability to establish and maintain effective working relationships with other employees, business owners and managers, accountants, tax attorneys, economic development professionals, bank officials, state and federal agencies, and the general public.

Ability to travel in the performance of assigned duties.

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The following link will provide you with general information about State of Missouri employee benefits.

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View Class Specification Document