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Director of Business Investment

POSITION DESCRIPTION

Position                                  Director of Business Investment

Organization                          Greater Baltimore Committee (GBC)

Location                                 Baltimore, MD

Reporting Relationship        Chief Economic Officer & Executive Vice President

Website   https://gbc.org/

 

ABOUT GBC

The Greater Baltimore Committee (GBC) is the leading voice for the private sector in the Baltimore region on equitable economic growth and civic issues. With the merger of the GBC and the Economic Alliance of Greater Baltimore, the organization is advancing a vibrant, future-ready Baltimore region.   The GBC Team - composed of experts in public policy, research, economic development, and communications - supports more than 400 members to align the region’s resources to equitably increase opportunity and deliver a thriving economic environment for the region’s diverse communities.

 

GBC ORGANIZATIONAL STRUCTURE

The GBC’s staff structure includes five teams, with staff leads who report directly to the CEO.

Operations:

·      Provide fiscal, operational, and HR leadership for organization.

·      Support CEO, Board to establish corporate governance and execution of mission.

Policy and Research:

·      Shape and publish public policy, data-driven research, and bold strategies to support the region’s vitality and economic growth.

·      Proactively engage with elected officials, partners, and stakeholders to advance GBC’s agenda.

Marketing and Communications:

·      Shape GBC’s message and communications strategy. Grow and modernize our audience, improving how we interact with partners, stakeholders, and amplify civic progress in Baltimore.

·      Execute the regional marketing and balance perspective on the Baltimore Region as a place to invest and expand.

·      Manage and solidify support for GBC’s events and engagement.

Partnerships:

·      Develop and establish GBC’s new membership and engagement model. 

·      Develop and orient GBC’s committee and member collaborations toward high-value impact.

·      Establish and manage partnerships with local, state, and national peers to advance the Greater Baltimore region.

Business & Economic Investment:

·      Lead regional business retention, expansion, and recruitment efforts. 

·      Lead regional business and real estate investment activation and attraction efforts. 

·      Support the Baltimore Region's federal Tech Hub designation and the Regional Innovation Office.  

·      Work with public and private partners to support investment in regionally-significant activity centers and projects.  

POSITION OVERVIEW 

The Director of Business Investment is an economic development position on the Economic Investment Team that will play a central role in reaching the Greater Baltimore Region’s objectives in expanding and attracting business and investment within the 7-county region of greater Baltimore. The position reports to the Chief Economic Officer & EVP and will support strategic economic development projects to grow and support opportunity and foundational sectors. 

The Director will conduct economic development activities, including recruitment of new industry, retention and expansion of existing industry, start-up support and potentially international investment. The position’s responsibilities are cross-functional, including, but not limited to, project management, lead generation, prospect hosting, and partner relations. The position works closely with and will advise the Chief Economic Officer on external business attraction, retention, and expansion opportunities and other issues within the Baltimore region.  

KEY RESPONSIBILITIES 

  • Proactive and regular engagement of existing businesses across the region through check-ins, surveys, and on-site visits with businesses to gather feedback and address concerns 
  • Represent and promote Baltimore region to prospective companies, investors and developers, as needed 
  • Develop and maintain meaningful and effective professional relationships with the various local and state economic development partners and organizations 
  • Conduct economic development project management 
  • determine and analyze location criteria for business prospects 
  • respond to information requests 
  • partner with local and state economic development organizations 
  • prepare formal presentations for business prospects 
  • plan, coordinate and support company representatives on site tours and community tours 
  • Develop and maintain updated inventory of economic development-related regional data by working closely with Policy & Research Team 
  • Assist in development and maintenance of CRM for existing businesses and prospects to track engagement, issues, and opportunities for growth 
  • Assist with marketing campaigns and other prospect development activities 
  • Assist with planning and execution of various business and economic investment-related GBC events, including, but not limited to, Pulse Check and Investment Summit 
  • Support economic development-related GBC steering committees 
  • Attendance at various meetings of industry groups, local chambers of commerce, and other business associations, as needed 
  • Respond to qualified requests for business site proposals 
  • Update and maintain commercial real estate property listing through continued coordination and communication with property owners, brokers, and/or other economic development agencies 
  • Work with confidential information and maintain strict confidentiality 
  • Seek to maintain and grow targeted businesses from post move-in, to expansion to succession, always providing excellent customer service 
  • Facilitate connections between businesses and other businesses/potential partners, as well as regional, state, national, and international resources 
  • Compile, maintain, and update economic development programs designed to attract, retain, and support the expansion of businesses and investment from local EDOs, state, industry associations, etc. 
  • Work closely with Regional Innovation Office and related Tech Hub efforts, as needed 

QUALIFICATIONS 

  • Bachelor's Degree is required (Economic Development, Business Administration, Economics, Public Administration or similar field is a plus). Master’s degree Is preferred. 
  • 8-10 years of progressive experience in economic development or a professional business services industry sector, including specific experience in economic development project management 
  • Experience working public, private, or nonprofit economic development initiatives 
  • Strong time management, planning, and organizational skills and detail-oriented personality 
  • Commitment to being a team player who enjoys collaboration and information sharing 
  • Skill in planning, organizing, coordinating and executing projects; project management certification a plus 
  • Knowledge and ability to comprehend and analyze demographics/business market research 
  • Ability to work independently and follow through on assignments with minimal direction 
  • Ability to work a flexible schedule to include occasional work and travel on evenings and weekends in order to attend meetings, events and conferences, or handle special projects 
  • Commitment to equity and experience shaping inclusive opportunities 
  • Experience developing strategic plans, investment strategies, and operational plans, as well as budget management 
  • Excellent interpersonal and communication skills, including experience in negotiation and coalition building 
  • Possess a good sense of direction/geography for efficient available site awareness. GIS, Google Earth, and/or other public mapping experience could be beneficial 
  • Possess effective communication (both written and oral), including public speaking and in-person networking skills 
  • Excellent follow up and follow through 
  • Possess the ability to develop and maintain effective and positive internal and external working relationships 
  • Possess a process improvement mindset 
  • Possess good judgement, be dependable and able to hold oneself accountable with independent problem-solving abilities 
  • Possess the ability to appropriately balance productivity with quality of work while being flexible and adaptable to changing needs 
  • Possess metric tracking and reporting capability with the ability to catch important details while keeping the big picture in mind 

 

ATTRIBUTES

  • Strategic Thinker: Capable of envisioning long-term operational strategies aligned with organizational goals. 
  • Analytical Mindset: Proficient in analyzing data to drive informed decisions and process improvements. 
  • Collaborative Leader: Adept at fostering teamwork, consensus-building, and a positive work culture. 
  • Adaptable and Innovative: Comfortable navigating changing environments and implementing innovative solutions. 
  • Coalition Builder: Able to build consensus with strategic partners and stakeholders. 
  • Ethical and Compliant: Upholds high ethical standards and ensures compliance with regulations. 

What We Offer

·      Competitive salary and benefits.

·      Supportive and mission-driven work.

·      Opportunities for professional development and leadership.

Compensation & Benefits

Salary Range: $100,000-$110,000/year. Potential for annual bonus based on performance. Salary commensuratewith qualifications and experience.

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What You Should Know About Director of Business Investment, Greater Baltimore Committee

The Greater Baltimore Committee (GBC) is on the lookout for an enthusiastic and strategic Director of Business Investment to join their dynamic team. This role is pivotal to the economic growth of the Baltimore region, and you’ll be at the forefront of fostering business expansion and attraction efforts. Working directly under the Chief Economic Officer & EVP, you’ll engage with local businesses, ensuring they feel supported and valued while scouting for new investment opportunities. Your day will involve a blend of project management, outreach, and collaboration with a range of stakeholders—from local enterprises to national investors. One moment, you might be checking in with existing businesses to gather valuable feedback, and the next, you could be conducting site visits or preparing presentations for potential investors. If you have a knack for building strong partnerships and possess a solid background in economic development, this position at GBC could be a perfect match for you. The ideal candidate will have a proven track record in economic development project management, strong analytical skills, and a commitment to fostering equitable economic opportunities throughout the region. The position promises a fulfilling career path with plenty of opportunities for professional development and a competitive salary within the range of $100,000-$110,000 annually, plus potential bonuses. Join the GBC team and make a real difference in the economic health of Baltimore!

Frequently Asked Questions (FAQs) for Director of Business Investment Role at Greater Baltimore Committee
What are the key responsibilities of the Director of Business Investment at the Greater Baltimore Committee?

As the Director of Business Investment at the Greater Baltimore Committee, your primary responsibilities include leading regional business retention, expansion, and recruitment efforts, along with activating real estate investments. You'll engage with local businesses, conduct economic development project management, and develop partnerships with various stakeholders to enhance business opportunities in the region. Your role will also include preparing formal presentations for investors and supporting GBC events designed to promote economic investment.

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What qualifications are necessary for the Director of Business Investment position at GBC?

To qualify for the Director of Business Investment position at the Greater Baltimore Committee, candidates should have a Bachelor’s Degree in a relevant field—such as Economic Development or Business Administration—with a preference for a Master’s degree. Additionally, 8-10 years of progressive experience in economic development or a business services sector is required. Familiarity with project management, strong analytical skills, and a commitment to fostering inclusive opportunities are essential to excel in this role.

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What experience is beneficial for the Director of Business Investment role at GBC?

In the role of Director of Business Investment at the Greater Baltimore Committee, experience in public, private, or nonprofit economic development initiatives is highly beneficial. Candidates should possess solid time management and organizational skills, along with the ability to engage effectively with diverse stakeholders. Experience in recruitment, business market analysis, and negotiation will greatly enhance your capacity to contribute to the GBC’s mission of driving economic growth in the Baltimore region.

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How does the Greater Baltimore Committee support professional development for the Director of Business Investment?

The Greater Baltimore Committee values professional growth, offering robust opportunities for leadership development and ongoing education for the Director of Business Investment. With a mission-driven approach, GBC encourages its team members to pursue professional growth through training programs, workshops, and conferences aimed at enhancing skills and expertise necessary to thrive in economic development roles within the organization.

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What is the salary range for the Director of Business Investment position at GBC?

The salary range for the Director of Business Investment at the Greater Baltimore Committee is set between $100,000 and $110,000 per year. Additionally, there is potential for annual bonuses based on performance, providing added motivation for achieving the GBC's economic development goals while being compensated competitively within the industry.

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Common Interview Questions for Director of Business Investment
Can you describe your experience with economic development project management?

When answering this question, focus on specific projects you've managed, outlining your responsibilities, the outcomes, and how they contributed to business growth. Highlight any strategies you've implemented to engage stakeholders and any tools or methodologies you utilized.

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How do you approach building partnerships with economic development organizations?

Discuss your networking strategies, emphasizing the importance of collaboration in economic development. Provide examples of successful partnerships you've built in the past, detailing how you identified, engaged, and sustained these relationships.

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What techniques do you use to analyze market trends to support business investment?

Explain the frameworks or tools you use for market analysis, such as data analysis software or resident surveys, to understand business needs or identify investment opportunities. Provide examples of decisions that were informed by your analysis.

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How would you support a company looking to relocate to the Baltimore region?

Outline your approach, detailing the steps you would take to understand the company’s needs, how you would provide data about the local economy, facilitate site tours, and connect them with resources necessary for a smooth transition.

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What strategies would you employ to retain existing businesses in the Baltimore region?

Provide insights into proactive communication methods, regular business check-ins, and survey feedback incorporation strategies that you would implement to ensure local businesses feel valued and supported to remain in the area.

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Can you share an example of a successful investment project you managed?

When answering, detail the project goals, your role in the planning and execution phases, and the eventual impact on the local economy. Use metrics or feedback from stakeholders to reinforce your success.

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How do you stay informed about the latest trends in economic development?

Discuss your commitment to continuous learning through industry publications, professional organizations, networking events, and attendance at relevant conferences and workshops to keep abreast of new ideas and practices in economic development.

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What role does technology play in your current economic development strategies?

Share specific technologies or software you’ve utilized for data analysis, CRM needs, project management, or marketing for investment activities. Explain how technology has improved your efficiency or provided deeper insights.

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How would you approach leading a team that has diverse functional responsibilities?

Highlight your leadership style, emphasizing collaboration, shared goals, and open communication. Provide examples of how you’ve successfully worked with cross-functional teams in past roles to achieve organizational objectives.

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What motivates you to succeed in economic development within the Greater Baltimore area?

Reflect on your personal and professional interests that align with making a positive impact on local communities. Share any specific experiences or values that drive your commitment to equity and economic growth.

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TEAM SIZE
EMPLOYMENT TYPE
Full-time, on-site
DATE POSTED
January 13, 2025

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