Created by Portland voters in 1958, the Portland Development Commission (PDC) is Portland’s urban renewal and economic development agency. PDC is headed by an executive director, who reports to a five-member Board of Commissioners, appointed by the mayor and approved by Portland City Council. In 2009, City Council created the Portland Housing Bureau and charged the new bureau with increasing the supply of affordable housing—including using the Tax Increment Finance (TIF) affordable housing set aside.
The Director of Development and Investment (Director) provides leadership and overall direction to the Development and Investment Department. In addition, they will manage a multi-million dollar budget of Development and Investment Department programs and projects. The Director is accountable for department performance, budget management, compliance with internal policies and procedures, and ethical and legal conduct of staff. Errors in work or judgment may have significant impact financially or with public opinion. In this role, the Director is responsible for managing and motivating the department, creating and maintaining a positive work environment, and supporting staff development. The Director exercises considerable judgment and works within complex and changing economic, political, and governmental environment. This position controls sensitive and confidential information requiring discretion at all times; requires personal initiative and high levels of tact, confidentiality and judgment. The Director frequently represents and speaks for the agency in public settings and with media. This position will execute contracts with signature authority of up to $50,000.
• Ten or more years of progressive experience in community development, real estate development, business finance or related public administration. At least eight years of leadership or management experience with five years in the field.
• Comprehensive knowledge of real estate principles, finance, analysis, practices and procedures with deep expertise in commercial and mixed-use real estate development.
• Advanced understanding of project management, community development, public/private partnerships, public policy development, land use law, urban and economic development planning and urban design principles.
• Demonstrated ability to deliver large, highly complex and politically-sensitive projects within a constrained schedule and budget, leading effective and collaborative team from conceptualization through completion.
• Experience forming productive public/private partnerships. Superior negotiation skills.
• Advanced understanding of business finance, social impact investing and asset/portfolio management.
• Demonstrated success improving social equity and achieving measurable outcomes.
• Superior leadership, judgment, strategic thinking and people management skills.
• Excellent interpersonal skills. Demonstrated ability to build trust and confidence on the part of community
leaders, private sector parties and elected officials; collaborative and team-oriented.
• Superior verbal and written communication skills including active listening, facilitation, public speaking and media relations.
• Ability to establish and maintain effective working relationships with a wide variety of internal and external parties; applies cultural sensitivity in interactions with a diverse range of stakeholders.
• Tactful and diplomatic in dealing with sensitive, complex and confidential matters.
• Creative and innovative thinker with ability to adapt.
• Advanced proficiency in computer applications similar to Excel, Word, and PowerPoint.
• Highly experienced in strategic planning, complex problem solving and decision-making to address project related and long term financial, organizational, community development, and public policy issues.
• Proven knowledge and experience in developing, designing, managing and evaluating programs to include grant administration and compliance.
• Working knowledge of budgeting, accounting, and customer relationship management.
The Portland Development Commission has retained Korn Ferry Futurestep, a national executive recruiting firm, to assist with this search. All nominations, inquiries, and application materials should be submitted in confidence to Korn Ferry.
Adolfo Miñoso, Managing Consultant
Shermika Pendergrass, Senior Recruiter
Jordan Bell, Associate Recruiter
Korn Ferry Futurestep