4S Resident Caldwell Elected to Financial Nonprofit Board

4S resident Erik Caldwell, Economic Development Director for the City of San Diego, has been elected to the board of CDC Small Business Finance, a non-profit organization that helps small business owners grow and create new jobs in California and Arizona.

As a new director, Caldwell will help advise CDC management on strategic opportunities for the organization as it seeks to help small businesses grow and expand by providing access to capital and technical assistance.

“Most of the new job creation in our region is going to come from small business activity,” said Caldwell. “CDC Small Business Finance is a high-performing organization that I regard as a critical part of our regional economic development infrastructure.”

Caldwell has extensive experience in the financing sector. Prior to joining the City of San Diego, he served as vice-president of government partnerships for Figtree Financing, a San Diego-based clean energy financing company. Upon joining the City of San Diego as deputy director of policy to former San Diego Mayor Jerry Sanders, he implemented the mayor’s economic development strategy and led the city’s efforts to support the region’s innovation economy.

Caldwell earned a Master’s in Business Administration from San Diego State University.

About CDC Small Business Finance:

CDC Small Business Finance is a non-profit lender that provides capital to small businesses so they can expand, grow and create jobs in California and Arizona. The company specializes in SBA lending, including financing of commercial real estate (land, buildings) and large equipment. CDC also offers the Community Advantage loan for working capital, equipment, inventory, tenant improvements and business acquisition, as well as the SBA Microloan. In 38 years, CDC has helped create over 170,000 jobs by leveraging more than $13 billion in loans to over 11,000 small businesses.