IDT Corporation, a Fortune 1000 company with headquarters in Newark, N.J., is moving key engineering operations to the Lakewood Industrial Park, Lakewood, N.J. Approximately 60 full-time engineers, software developers, and service management professionals will work in the Lakewood office, developing software for IDT’s energy and telecommunications systems, and supporting IDT Telecom’s cable telephony customers.
Lakewood Township Attorney Lawrence E. Bathgate, founding partner of Bathgate, Wegener and Wolf, and a board member of IDT, said, “Lakewood is a wonderful location for IDT. Lakewood’s industrial zone offers a highly professional environment; close proximity to major roadways; an airport; and, most significantly, a renewable resource of high quality talent to fuel its growth. Lakewood’s community, which is growing at a feverish pace, is full of highly educated and motivated individuals who can now find professional opportunity closer to home. This is a benefit to the company and the community.”
Steven Reinman, the director of economic development for Lakewood, said, “IDT’s decision to relocate to our Industrial Park is further validation of the Department of Economic Development’s efforts to attract high quality employers and high quality jobs to Lakewood. Lakewood’s Industrial and Corporate Parks offer a high quality business environment in northern Ocean County. We welcome IDT to our family of companies and look forward to their continued growth and success.”
Shmuel Jonas, IDT’s Chief Operating Officer, said, “IDT’s highly skilled professional staff is our Company’s most valuable resource. Lakewood is an excellent location for our employees and provides a wonderful working environment. We are pleased to be here and look forward to a long term partnership with the township.”
IDT Corporation (NYSE: IDT) is a public company focused on the telecommunications and energy industries.
For further information, contact Steve Reinman at 732-364-2500 Ext. 5333. TLS.
This Steve for Mayor!!!
Lakewood has: highly professional environment
high quality talent
highly educated and motivated individuals
(getting)high quality employers
high quality jobs
high quality business environment
Steve for mayor!!!
Watch out. Newark, NJ may retaliate by opening a kollel.
So no more minyan for mincha in downtown Newark ? Oh man ?!
Saves hours of travel time to his lakewood employees
Anybody with info where I can send a resume?
They are moving the jobs there. Does not seem like new ones are being created as the article suggests.
Move up in the batting order. Steve for mayor!!!!!
Seems like the only one benefiting from the move will be IDT, with a big tax break.
I believe that this part of the IDT business has not been located in Newark, rather in Toms River. Though they may not be creating new jobs at this time, there is always a turnover, people retire, company grows, needs new workers. Also, the fact that another fortune 1000 company moves here may bring other’s to do the same. This is always good for business. The employees, though maybe not local may do some shopping here which will also bring in revenue.
The Newark 550 Broad Street hasn’t moved. The move that took place was that the satellite Brick location on Rt 88 moved to Lakewood’s Industrial Park.
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