Paul Krutko
Founder & CEO
Peleton Development
Paul Krutko is founder and President/CEO of Peloton Development, a consultancy devoted to advising businesses and municipal, regional, state, and national governments on economic development strategy and location/incentive negotiations. The firm specializes in the preparation of climate prosperity strategies, helping its clients achieve job creation, capital investment and revenue generation while advancing environmental objectives. Peloton Development also provides leadership training and team building assistance through presentations, one-day seminars or multi-session engagements to public, private and not-for-profit economic development organizations seeking to create high performing result-oriented teams.
Prior to the formation of Peloton Development, Paul had a thirty-one year career in furthering the economic development of major cities across the United States. Most recently, he was the Chief Development Officer (2002-2010) for the City of San Jose, America’s 10th largest city that makes up 60% of Silicon Valley. Paul was responsible for designing, guiding and coordinating community and economic development programs for the City of San Jose. The duties of the CDO include policy and strategy formulation, development agreement negotiation, corporate and small business outreach, climate prosperity strategies, development related intergovernmental relations, international relations, workforce development, downtown service management, sports facilities and events development, and arts and cultural affairs management.
Paul led the preparation and implementation of the city’s first formal Economic Development Strategy that includes 15 specific initiatives and over 100 distinct tactical projects as well as the clean technology section of the City’s climate prosperity plan – Green Vision.
Before joining San Jose in 2002, Paul led economic and downtown development efforts in Jackosnville Florida (1997-2002) and Cleveland Ohio (1990-1997).
Paul is a recognized leader among his peers, being selected as a Fellow of the International Economic Development Council in 2009. He is chair of the Council’s Economic Development Research Partners subsidiary and its Secretary/Treasurer. He is also vice-chair of the California Association of Local Economic Development. Paul is a graduate of the University of Cincinnati, College of Design, Architecture and Art.