Kurt Chilcott Receives Lifetime Achievement Award for Economic Development
Original media release from IEDC
Kurt Chilcott, president and CEO of CDC Small Business Finance Corp., has been awarded the 2013 Lifetime Achievement Award for Excellence in Economic Development by the International Economic Development Council (IEDC), for a lasting commitment to the field of economic development.
The honor was presented at an awards ceremony Oct. 7 during the IEDC Annual Conference.
“The Lifetime Achievement Award is given by IEDC to an active or former member who is progressing the profession of economic development as a teacher or has motivated others in many communities,” said Paul Krutko, IEDC chair. “Mr. Chilcott has been dedicated to our industry and has, indisputably, earned this distinction.”
The Lifetime Achievement Award for Excellence in Economic Development is given in honor of Edward deLuca, in recognition of a lifelong commitment to excellence in economic development.
Known for his tact, creative problem solving, and ability to bring people together, Chilcott has successfully led economic and community development organizations for more than 30 years. Chilcott began his career working with rural communities under California’s Economic Adjustment Unit. He later moved on to administer the State Enterprise Zone Program and was tasked with designating California’s original enterprise zones, including comprehensive economic development strategies for each.
In addition to his work with enterprise zones, Chilcott spent over 15 years at the City of San Diego, serving as Director of Economic Development Services and Manager of Community and Economic Development. Chilcott was chosen to lead CDC Small Business Finance as president/CEO in 1998. Under his leadership, the CDC has been the nation’s perennial leader in SBA-504 loan production. Since the organization’s inception, it has leveraged $12.2 billion in small business loans. CDC has also created 125,000 jobs, helped 9,000 entrepreneurs grow their businesses, and reinvested over $3.5 million in the communities it serves. With Chilcott’s direction, CDC won the SBA’s Lender of the Year Award an unprecedented three times.
Chilcott’s involvement in the SBA lending arena led him to develop legislation that streamlined SBA loan programs and improved access to capital for small businesses across the nation. He also participated in the U.S. Treasury’s Small Business Financing Forum, where he recommended small business capital investment strategies to the Obama administration.
Kurt Chilcott’s work in San Diego and on behalf of the economic development profession has been motivated by the guiding principle that actions should be driven by the greater good. His work has not gone unnoticed. He has received California’s highest honor for Economic Development Leadership – the Golden Bear Award – and the Arthur Goodman Memorial Award for commitment to underserved populations and areas.
About the International Economic Development Council
The International Economic Development Council (IEDC) is a non-profit membership organization serving economic developers. With more than 4,000 members, IEDC is the largest organization of its kind. Economic developers promote economic well-being and quality of life for their communities, by creating, retaining and expanding jobs that facilitate growth, enhance wealth and provide a stable tax base. From public to private, rural to urban, and local to international, IEDC’s members are engaged in the full range of economic development experience. www.iedconline.org.
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