The formation of a industrial commission has been a long standing practice for states,cities and towns across the nation. The general purpose in the structuring of a commission is to secure the interests of its governing body.
Lakewood’s industrial commission is no different its creation was to solidify the growth in the industrial area. The township of Lakewood, funds the grossly large budget of this commission to ensure the success of its industrial zone. The bulk of Lakewood’s tax ratables come from businesses in that zone.
Nonetheless the Lakewood industrial commission (LIC) Under the leadership of Mr. Steven Reinman has allowed the towns most substantial resource to deteriorate.This has been done by way of encouraging tax exempt schools to enter its industrial zone. This causes significant loss of revenue from these properties, and creates an uninviting atmosphere for new income producing enterprises.