Lincoln Tech Announces Signing of Lease Agreements for Future Houston, TX Campus and New Location for Nashville, TN Campus
04 11월 2023 - 1:12AM
Lincoln Educational Services Corporation (NASDAQ:
LINC), a national leader in specialized technical training
for more than 75 years, has announced two major advances as part of
its strategic growth plan. The first is an expansion into a new
market with the leasing of a facility in Houston, TX, the country’s
fourth largest employment market. The second is the completion of a
lease agreement for the relocation of the Nashville, TN campus.
Both facilities will provide industry-supported career training
programs to help prepare students for careers in some of the
country’s fastest-growing hands-on fields while continuing
Lincoln’s efforts to solve the skills gap faced by so many American
companies.
These announcements come as Lincoln nears the buildout
completion of its new campus in Atlanta, GA, which is scheduled to
begin instruction in the first half of 2024, as well as the
recently announced facility purchase to relocate its Philadelphia,
PA campus to a larger facility in Levittown, PA in the first half
of 2025.
“When we announced last summer our plan to strategically
establish multiple new campuses in the next few years, we knew it
would be a bold, aggressive initiative,” says Scott Shaw, Lincoln
Tech’s President and CEO. “At the same time, we’ve selected these
locations because our research shows that they are underserved in
terms of opportunities for individuals wanting to train for
rewarding hands-on careers – the kinds of careers America depends
on to keep the economy moving, and ones that can’t be outsourced.
We’re excited to see the impact our expanded presence is going to
have, not only on students seeking rewarding hands-on technical
careers but on the success of the employers that so desperately
want to find new talent to grow their teams.”
The Houston campus will be the second Lincoln Tech school in
Texas; the Company has operated its campus in Grand Prairie since
1966. The new campus will feature an approximately 100,000
square foot training center, offering career opportunities in the
auto, diesel, welding, HVAC and electrical and electronic fields.
The U.S. Department of Labor’s Bureau of Labor Statistics (BLS)
projects 2.4 million jobs will become available nationwide in these
industries by 2032, with over 290,000 of those jobs projected
specifically in Texas*. The state also projects growth of better
than 20% in the HVAC, welding and electrical fields – which are
among the highest projected growth rates nationwide.
The new campus will be situated near I-45, just minutes from
I-69 and in the heart of one of Houston’s busiest commercial
corridors – strategically located for both student convenience and
maximum exposure to area hiring managers.
The new Nashville campus will have over 120,000 square feet
which will enable Lincoln to expand the skilled trades training
offered with the addition of electrical and HVAC programs while
keeping existing programs in automotive, diesel, heavy equipment,
collision repair and welding. The BLS projects more than 2.9
million positions to open in these fields nationwide by 2032*.
The new campus will also include space to house various
partnership training programs beginning with the specialized
Peterbilt diesel program as part of Lincoln’s relationship with the
trucking giant. To support students’ career training goals, the
campus will contain real-world auto, diesel and heavy equipment
bays, on-site collision shops, and a series of individual welding
booths. The current campus location will continue to be fully
operational to ensure seamless relocation in the first half of
2025.
“We’re proud to have such a historic presence in Nashville and
look forward to continuing to serve students and employers alike at
our new campus,” Shaw says. “We’re also grateful to the city of
Nashville for allowing us to play a pivotal role not only in the
educational community, but the larger community as well. Our
support of the area’s hiring managers, and their support of our
students, has ensured a strong, skilled workforce in key industries
dating back generations. The new campus location should allow us to
continue that tradition for years to come. And, in honor of the
campus’s over 110-year history, we will be returning to the
school’s original brand, Nashville Auto Diesel College, NADC, when
we move into the new location.”
* Career growth projections can be found at onetonline.org for
the years 2022-2032 and are current as of November 1, 2023.
###
About Lincoln Educational Services Corporation
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, business
and information technology, and hospitality services. Lincoln has
provided the workforce with skilled technicians since its inception
in 1946.
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. Lincoln
also operates Lincoln Culinary Institutes in both Maryland and
Connecticut.
For more information, go to lincolntech.edu.
Peter Tahinos
Lincoln Educational Services
973-766-9656
PTahinos@lincolntech.edu
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