Joseph Cresci

Joseph E. Cresci
Born	Vineland, New Jersey, U.S.
Occupation(s)	Entrepreneur, executive
Years active	1969–present
Known for	Founder and chairman of Environmental Power Corporation; president of Ogden Recreation Inc.

Joseph E. Cresci is an American entrepreneur who established and currently chairs Environmental Power Corporation. In 1972, he took on the role of president at Ogden Recreation Inc., managing five racetrack venues: Suffolk Downs, Scarborough Downs, Waterford Park, Fairmount Park, and Wheeling Downs.

Early life and career

Originating from Vineland, New Jersey, Cresci earned degrees from both Princeton University and Cornell Law School. His early professional experience included practicing law in Philadelphia, Pennsylvania. In 1969, he joined the Garden State Racing Association as vice president and general manager. By 1976, he advanced to become CEO of G. E. Stimpson Company and Stimpson Systems, firms specializing in the distribution of office supplies and printing materials.

Environmental Power Corporation

Following the sale of Stimpson in 1982, Cresci partnered with Donald Livingston to create Cresci Associates, focusing on alternative energy solutions. This company was restructured in 1986 as Environmental Power Corporation (EPC), which launched a public offering in 1987, raising $7 million. EPC's portfolio encompasses hydroelectric plants located in Dover-Foxcroft, Maine, Quechee, Vermont, and Hartford, Vermont; two waste-to-energy facilities in Texas; and a waste-coal power station situated in Scrubgrass, Pennsylvania. Additionally, the corporation held a minority interest in a coal-powered plant based in Sunnyside, Utah. In 1991, Livingston assumed the positions of president and COO, while Cresci retained his roles as chairman and CEO. Later in 2003, Kam Tejwani took over both CEO and president responsibilities, with Cresci remaining as chairman of the board and executive management committee.