{"id":788090,"date":"2023-10-04T12:00:26","date_gmt":"2023-10-04T16:00:26","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/lincoln-educational-services-advances-plans-to-relocate-its-philadelphia-campus-to-levittown-pa-and-expand-its-program-offerings\/"},"modified":"2023-10-04T12:00:26","modified_gmt":"2023-10-04T16:00:26","slug":"lincoln-educational-services-advances-plans-to-relocate-its-philadelphia-campus-to-levittown-pa-and-expand-its-program-offerings","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/lincoln-educational-services-advances-plans-to-relocate-its-philadelphia-campus-to-levittown-pa-and-expand-its-program-offerings\/","title":{"rendered":"Lincoln Educational Services Advances Plans to Relocate its Philadelphia Campus to Levittown, PA and Expand its Program Offerings"},"content":{"rendered":"<h2>\nThe new larger facility will provide three new career training programs \u2013 Welding Technology, HVAC and Electrical and Electronic Systems Technology (EEST) \u2013 in addition to the Automotive Technology program offered at the current Philadelphia campus.<br \/>\n<\/h2>\n<div class=\"mw_release\">\n<p>Parsippany, NJ, Oct.  04, 2023  (GLOBE NEWSWIRE) &#8212; <strong>Lincoln Educational Services Corporation (NASDAQ: LINC)<\/strong>, a national leader in specialized technical training for more than 75 years, has purchased the 90,000 square foot property located at 311 Veterans Highway, Levittown, PA for approximately $10 million. The Company also expects to invest approximately $12 million in the buildout of new classrooms and training areas to ensure a best-in-class campus that provides a positive experience for students, faculty and industry partners.\u00a0 Furthermore, the Company plans to sell the property by year-end to recover the purchase price and simultaneously enter into a leaseback agreement for approximately 20 years. \u00a0<\/p>\n<p>Lincoln Tech has been a leading area provider of career training in Automotive Technology for more than 60 years at its current campus, located at 9191 Torresdale Avenue in Philadelphia.\u00a0 The new Levittown campus, expected to open in the first quarter of 2025, is not expected to impact the student experience at Lincoln\u2019s current location, which today serves about 250 Automotive Technology students. The existing campus will continue to operate until the buildout is fully complete to ensure a seamless transition. \u00a0The new and significantly larger campus is projected to have an average population of approximately 600 students providing educational opportunities for students from Philadelphia, points north in Pennsylvania, as well as Trenton and Camden in New Jersey. \u00a0Additionally, the facility will have the extra capacity to accommodate several potential industry partners and future program expansions. <\/p>\n<p>\u201cEmployer demand for specialized skills remains historically high throughout the state, and particularly in the greater Philadelphia area, and Lincoln has been providing employers with highly skilled and essential students for over 60 years\u201d says Scott Shaw, Lincoln Tech\u2019s President and CEO. \u201cIt\u2019s been a privilege to assist employers across the automotive industry build their workforces, compete and grow their businesses. Today\u2019s development ensures that we will provide the same value in the welding, HVAC and electrical fields, beginning in 2025.\u201d<\/p>\n<p>\u201cThe U.S. Department of Labor projects strong employment growth for the aforementioned industries in the years ahead, and we expect student demand for these career training programs is going to be increasing\u201d commented April Lupinacci, Philadelphia Campus President. \u201cLincoln has a well-earned reputation within the Philadelphia region, and the new location will enable us to reach a wider student population and position them to successfully achieve and pursue their in-demand career opportunities.\u201d<\/p>\n<p>With more than 90,000 positions projected to open in these fields across Pennsylvania by 2031*, the new programs will give area students even more opportunities to launch rewarding careers while meeting the increasing demand from employers. <\/p>\n<p>\n        <i>* Career growth projections can be found at\u00a0onetonline.org for the years 2021-2031 and are current as of October 2, 2023.<\/i>\n      <\/p>\n<p align=\"center\">###<\/p>\n<p>\n        <i>About Lincoln Educational Services Corporation<\/i>\n      <\/p>\n<p>Lincoln Educational Services Corporation is a leading provider of diversified career-oriented post-secondary education. Lincoln offers recent high school graduates and working adults career-oriented programs in five principal areas of study: automotive technology, health sciences, skilled trades, information technology, and hospitality services. Lincoln has provided the workforce with skilled technicians since its inception in 1946.\u00a0 <\/p>\n<p>Lincoln currently operates 22 campuses in 14 states under four brands: Lincoln Technical Institute, Lincoln College of Technology and Euphoria Institute of Beauty Arts and Sciences.\u00a0 Lincoln also operates Lincoln Culinary Institutes in both Maryland and Connecticut.<\/p>\n<p>For more information, go to lincolntech.edu.<\/p>\n<p>      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODk0MzI1NyM1ODU2MDE3IzIyMDQwMjk=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/MTAwZTdjYTAtNGEzMy00YmVjLWJmZTktZWIzZjA3MWJmYWExLTEyMTU1ODI=\/tiny\/Lincoln-Educational-Services.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\">\n<pre>Peter Tahinos\r\nLincoln Educational Services\r\n973-766-9656\r\nPTahinos@lincolntech.edu\r\n<\/pre>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The new larger facility will provide three new career training programs \u2013 Welding Technology, HVAC and Electrical and Electronic Systems Technology (EEST) \u2013 in addition to the Automotive Technology program offered at the current Philadelphia campus. Parsippany, NJ, Oct. 04, 2023 (GLOBE NEWSWIRE) &#8212; Lincoln Educational Services Corporation (NASDAQ: LINC), a national leader in specialized technical training for more than 75 years, has purchased the 90,000 square foot property located at 311 Veterans Highway, Levittown, PA for approximately $10 million. The Company also expects to invest approximately $12 million in the buildout of new classrooms and training areas to ensure a best-in-class campus that provides a positive experience for students, faculty and industry partners.\u00a0 Furthermore, the Company plans to sell &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/lincoln-educational-services-advances-plans-to-relocate-its-philadelphia-campus-to-levittown-pa-and-expand-its-program-offerings\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Lincoln Educational Services Advances Plans to Relocate its Philadelphia Campus to Levittown, PA and Expand its Program Offerings&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-788090","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Lincoln Educational Services Advances Plans to Relocate its Philadelphia Campus to Levittown, PA and Expand its Program Offerings - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/lincoln-educational-services-advances-plans-to-relocate-its-philadelphia-campus-to-levittown-pa-and-expand-its-program-offerings\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lincoln Educational Services Advances Plans to Relocate its Philadelphia Campus to Levittown, PA and Expand its Program Offerings - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"The new larger facility will provide three new career training programs \u2013 Welding Technology, HVAC and Electrical and Electronic Systems Technology (EEST) \u2013 in addition to the Automotive Technology program offered at the current Philadelphia campus. Parsippany, NJ, Oct. 04, 2023 (GLOBE NEWSWIRE) &#8212; Lincoln Educational Services Corporation (NASDAQ: LINC), a national leader in specialized technical training for more than 75 years, has purchased the 90,000 square foot property located at 311 Veterans Highway, Levittown, PA for approximately $10 million. The Company also expects to invest approximately $12 million in the buildout of new classrooms and training areas to ensure a best-in-class campus that provides a positive experience for students, faculty and industry partners.\u00a0 Furthermore, the Company plans to sell &hellip; Continue reading &quot;Lincoln Educational Services Advances Plans to Relocate its Philadelphia Campus to Levittown, PA and Expand its Program Offerings&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/lincoln-educational-services-advances-plans-to-relocate-its-philadelphia-campus-to-levittown-pa-and-expand-its-program-offerings\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-04T16:00:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODk0MzI1NyM1ODU2MDE3IzIyMDQwMjk=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lincoln-educational-services-advances-plans-to-relocate-its-philadelphia-campus-to-levittown-pa-and-expand-its-program-offerings\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lincoln-educational-services-advances-plans-to-relocate-its-philadelphia-campus-to-levittown-pa-and-expand-its-program-offerings\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Lincoln Educational Services Advances Plans to Relocate its Philadelphia Campus to Levittown, PA and Expand its Program Offerings\",\"datePublished\":\"2023-10-04T16:00:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lincoln-educational-services-advances-plans-to-relocate-its-philadelphia-campus-to-levittown-pa-and-expand-its-program-offerings\\\/\"},\"wordCount\":588,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lincoln-educational-services-advances-plans-to-relocate-its-philadelphia-campus-to-levittown-pa-and-expand-its-program-offerings\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODk0MzI1NyM1ODU2MDE3IzIyMDQwMjk=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lincoln-educational-services-advances-plans-to-relocate-its-philadelphia-campus-to-levittown-pa-and-expand-its-program-offerings\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lincoln-educational-services-advances-plans-to-relocate-its-philadelphia-campus-to-levittown-pa-and-expand-its-program-offerings\\\/\",\"name\":\"Lincoln Educational Services Advances Plans to Relocate its Philadelphia Campus to Levittown, PA and Expand its Program Offerings - 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Parsippany, NJ, Oct. 04, 2023 (GLOBE NEWSWIRE) &#8212; Lincoln Educational Services Corporation (NASDAQ: LINC), a national leader in specialized technical training for more than 75 years, has purchased the 90,000 square foot property located at 311 Veterans Highway, Levittown, PA for approximately $10 million. The Company also expects to invest approximately $12 million in the buildout of new classrooms and training areas to ensure a best-in-class campus that provides a positive experience for students, faculty and industry partners.\u00a0 Furthermore, the Company plans to sell &hellip; Continue reading \"Lincoln Educational Services Advances Plans to Relocate its Philadelphia Campus to Levittown, PA and Expand its Program Offerings\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/lincoln-educational-services-advances-plans-to-relocate-its-philadelphia-campus-to-levittown-pa-and-expand-its-program-offerings\/","og_site_name":"Market Newsdesk","article_published_time":"2023-10-04T16:00:26+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODk0MzI1NyM1ODU2MDE3IzIyMDQwMjk=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/lincoln-educational-services-advances-plans-to-relocate-its-philadelphia-campus-to-levittown-pa-and-expand-its-program-offerings\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/lincoln-educational-services-advances-plans-to-relocate-its-philadelphia-campus-to-levittown-pa-and-expand-its-program-offerings\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Lincoln Educational Services Advances Plans to Relocate its Philadelphia Campus to Levittown, PA and Expand its Program Offerings","datePublished":"2023-10-04T16:00:26+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/lincoln-educational-services-advances-plans-to-relocate-its-philadelphia-campus-to-levittown-pa-and-expand-its-program-offerings\/"},"wordCount":588,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/lincoln-educational-services-advances-plans-to-relocate-its-philadelphia-campus-to-levittown-pa-and-expand-its-program-offerings\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODk0MzI1NyM1ODU2MDE3IzIyMDQwMjk=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/lincoln-educational-services-advances-plans-to-relocate-its-philadelphia-campus-to-levittown-pa-and-expand-its-program-offerings\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/lincoln-educational-services-advances-plans-to-relocate-its-philadelphia-campus-to-levittown-pa-and-expand-its-program-offerings\/","name":"Lincoln Educational Services Advances Plans to Relocate its Philadelphia Campus to Levittown, PA and Expand its Program Offerings - 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