Michael R. Press

President

Scout Economics

Professional Experience:

  • More than 25 years of experience in economic development and tax incentives, having served in both government and non-government consulting roles including:

  • Built and led the world’s leading Business Incentives advisory practice while serving as Tax Partner at Ernst & Young.

  • Supervised incentives advisory engagements for Fortune 100 Companies in the aerospace, automotive, consumer products, financial services, telecommunications, energy, pharmaceuticals, food and beverage production and packaging industries.

  • Assistant Director of Tax Studies, Senate Finance Committee, New York State Senate (Majority);

  • Chief Economist and Commissioner (Acting) of the New York City Office of Business Development.

  • Chairman of the Enterprise Zone Administrative Boards of four Enterprise (EDZ’s) in New York City.

Engagement highlights include:

  • Led the negotiating team that brought the Boeing Company’s world headquarters from Seattle to Chicago (while considering Dallas and Denver).

  • Led the site selection and negotiating team in support of the largest industrial project of 2015 in Alabama.

  • Secured the benefits package sufficient to induce a 3,000-contingent Citigroup campus to relocate to New Jersey.

  • Secured first-of-its-kind incentive in the states of Connecticut, New Jersey, North Carolina, Florida and New York.

  • Created new and redesigned existing key economic development programs for New York City and New York State including; REAP (Relocation and Employee Assistance Program), ECSP (Energy Cost Savings Program), ICIP (Industrial and Commercial Incentive Program) and Tax Increment Financing.

  • Organized and hosted the first comprehensive private sector Business Incentives Symposium in the United States.

Education & Certifications:

  • M.S. – SUNY Albany, Economics

  • B.S. – SUNY Albany, Economics, Mathematics

Professional Associations & Affiliations:

  • Industrial Asset Management Council, Member

  • Journal of MultiState Taxation and Incentives, Editorial Board Member