Michael R. Press
President
Scout Economics
Professional Experience:
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More than 25 years of experience in economic development and tax incentives, having served in both government and non-government consulting roles including:
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Built and led the world’s leading Business Incentives advisory practice while serving as Tax Partner at Ernst & Young.
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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.
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Assistant Director of Tax Studies, Senate Finance Committee, New York State Senate (Majority);
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Chief Economist and Commissioner (Acting) of the New York City Office of Business Development.
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Chairman of the Enterprise Zone Administrative Boards of four Enterprise (EDZ’s) in New York City.
Engagement highlights include:
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Led the negotiating team that brought the Boeing Company’s world headquarters from Seattle to Chicago (while considering Dallas and Denver).
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Led the site selection and negotiating team in support of the largest industrial project of 2015 in Alabama.
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Secured the benefits package sufficient to induce a 3,000-contingent Citigroup campus to relocate to New Jersey.
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Secured first-of-its-kind incentive in the states of Connecticut, New Jersey, North Carolina, Florida and New York.
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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.
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Organized and hosted the first comprehensive private sector Business Incentives Symposium in the United States.
Education & Certifications:
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M.S. – SUNY Albany, Economics
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B.S. – SUNY Albany, Economics, Mathematics
Professional Associations & Affiliations:
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Industrial Asset Management Council, Member
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Journal of MultiState Taxation and Incentives, Editorial Board Member