Vereb Applauds Company’s Move to Keep and Create Jobs in Montgomery County
– As Pennsylvania continues to bounce back from the economic recession, Rep. Mike Vereb (R-Montgomery) applauded the Dow Chemical Company’s decision to move its North East USA Technology Center from Spring House to Collegeville.
“This move is a tremendous opportunity for Montgomery County to maintain and create more family sustaining jobs and career opportunities,” said Vereb. “Our community is a place where businesses, like Dow, have the ability to grow and prosper. It’s my hope that this growing company will help attract associated industries to come and locate in Pennsylvania.”
Dow scientists will begin operations next year in a state-of-the-art research and development facility owned by the pharmaceutical company Pfizer Inc. Employees at Dow’s Spring House campus will begin moving to the new site as early as the first quarter of 2013.
It is estimated that more than 800 jobs will remain in the county, as both Spring House and Collegeville are cities within Montgomery County. Similarly, with more than 750,000 square feet of laboratory and office space, the facility will also have room to accommodate potential job growth in the future.
Andrew N. Liveris, Dow’s chairman and chief executive officer, said this new location provides Dow’s world-class researchers with a new collaborative and innovation centric space, enhanced capabilities and best in class tools to create differentiation for customers.
“Establishing operations in Collegeville will allow us to remain competitive in a global market and continue as a major employer in Montgomery County and Pennsylvania,” said Liveris.
“This strategy bolsters our company’s long-standing commitment to Pennsylvania by putting our research and development operations on a long-term path forward,” said Jerome Peribere, executive vice president of The Dow Chemical Company and president and chief executive officer of Dow Advanced Materials headquartered in Philadelphia.
State Representative Mike Vereb
150th District, Pennsylvania House of Representatives
Media Contact: Lauren Whetzel