David A. Kahley:
The Progress Fund
With David A. Kahley at the helm as president and CEO, there’s no question that The Progress Fund, a nonprofit community development financial institution, is in good hands. Kahley’s four decades of professional experience in community and economic development include tenure as the executive director of the Main Street Project of Port Townsend, a historic coastal seaport that successfully used tourism to revitalize two Victorian-era business districts. Here in Pennsylvania, he was the assistant to the president and property manager of Pittsburgh History and Landmarks Foundation, a nonprofit organization that developed and operated Station Square, a retail, office, hotel, and restaurant complex along the city’s downtown waterfront.
The Progress Fund, with assets of $45,000,000 and headquarters in Greensburg, Pennsylvania, serves western and northern Pennsylvania, northern West Virginia, and western Maryland. Under Kahley’s leadership, in 2011, The Progress Fund was the recipient of the Wachovia Wells Fargo NEXT Award for Opportunity Finance, the industry’s most coveted award for community development financial institutions. The organization also received a Placemaking Award for Excellence in 2015 from Pittsburgh’s Urban Land Institute for strategy and investments associated with the Trail Town Program® in towns along the Great Allegheny Passage, the nation’s first economic development program that captured the potential of rail-trail based recreation.
Kahley is certified by National Development Council’s Economic Development Professional Program and the Urban Land Institute’s Real Estate Development Finance Professional Program. He resides in Greensburg, Pennsylvania, where he chairs the city’s planning commission and enjoys time as a commercial-rated airplane pilot and helicopter instructor.