- Senior Consultant
- Economic Consulting
- T: +1 515 290 6990
- 8251 Greensboro Drive
- McLean, VA, 22102
- United States
- T: +1 571 405 3260
- B.A., History, Iowa State University
- B.S., Economics, Iowa State University
- M.A., Economic History, Iowa State University
- National Association of Business Economists
- Southern Regional Science Association (SRSA)
- United States Association for Energy Economics (USAEE)
- Economic Consulting
- Energy, Power & Products
- Healthcare & Life Sciences
Scott Nystrom is a Senior Consultant at FTI Consulting in the McLean, Virginia office. Mr. Nystrom is in the Network Industry Strategies (NIS) practice within the Economic Consulting segment. He is an expert on regional modeling and demographics and their applications to policy analysis and economic impacts.
For the past five years, Mr. Nystrom has conducted or assisted in economic, fiscal, and demographic impact studies for federal agencies, regional planners, state and local governments, academic institutions, think tanks, non-profits, trade associations, and public utilities. His areas of research have included energy and the environment, infrastructure, economic development, healthcare, demographics, the labor market, regional forecasting, and state and federal fiscal policy.
In testimony, Mr. Nystrom has presented to state and federal policymakers, budget committees, and national conferences. Highlights include briefing the staffs of the House Ways & Means and Senate Finance committees on the impact of the federal “fiscal cliff” and the Arkansas legislature’s Joint Agriculture, Forest, and Economic Development Committee on a $1.1 billion steel mill project. He has spoken before budget committees in Massachusetts, North Carolina, Rhode Island, and Vermont. He presented to the annual conferences of the National Association for Business Economics (NABE) and Transportation Research Board (TRB), a national academy, and the board of the Cone Health Foundation.
Prior to joining FTI, Mr. Nystrom worked at Regional Economic Models, Inc. (REMI), a firm that builds software models of state, regional, and national economies for policy analysis and forecasting. He was the head of their economic consulting practice, client software training and technical support, and their Washington, DC office. He has extensive experience with REMI, IMPLAN, RIMS, and relating them to energy models or econometric and statistical analysis.
Mr. Nystrom has authored a number of reports, including the following:
- Leighton Ku, Scott Nystrom, Brian Bruen, Erika Steinmetz, and Tyler Bysshe, “The Economic and Employment Costs of Not Expanding Medicaid in North Carolina: A County-Level Analysis,” December 2014
- Scott Nystrom and Patrick Luckow, “The Economic, Climate, Fiscal, Power, and Demographic Impact of a National Fee-and-Dividend Carbon Tax,” June 2014
- Fred Treyz, Sherri Lawrence, and Scott Nystrom, “New Residence Adjustment and Unemployment Calculations for PI+ v. 1.5 Models,” June 2014
- Stephen Fuller, Parker Bedsole, and Scott Nystrom, “The Impact of Raising the Minimum Wage on the Maryland Economy,” January 2014
- Scott Nystrom and Elías Schekar Da Silva, “The Projected Economic and Fiscal Impacts of the Big River Steel Project in Arkansas,” March 2013
- Scott Nystrom and Zilin Cui, “Economic and Job Creation Analysis of 2012 RTP/SCS,” December 2011