Dow Inaugurates Northeast Technology Center Innovation Hub
Post date: Aug 1, 2013 11:12:32 AM
Major Commitment Reflects Investment in the Delaware Valley;
Center to Support Innovation for Advanced Materials Portfolio of Businesses
PHILADELPHIA--(BUSINESS WIRE)--July 31, 2013--
Representing a new chapter in the company's storied history in the Delaware Valley, The Dow Chemical Company (NYSE: DOW) today inaugurated its brand new Northeast Technology Center (NTC) in Collegeville, Pennsylvania.
A world-class, state-of-the-art 800,000 square foot facility, the NTC is a global research and development hub of modern lab and office facilities providing a fully equipped, collaborative space for more than 800 employees and contractors. One of the largest sites of its kind in Dow's global network, the NTC will play a pivotal role as an innovation hub for many businesses in Dow's Advanced Materials portfolio -- a business unit headquartered in Philadelphia, which brings differentiated solutions to customers in key end-markets including electronics, consumer and lifestyle, infrastructure and transportation and energy.
Speaking at a ribbon cutting event attended by more than 700 employees, contractors and community members, Pennsylvania Governor Tom Corbett said, "Today Dow is making clear that it is committed to Pennsylvania, as a place of business, as a center of research and development, and as a home of innovation. This tech center is part of something special happening all over our commonwealth. Businesses are coming here to become part of our economic comeback. That comeback has led to 130,000 private sector jobs being created; a recovery of more than 60 percent of the jobs lost during the great recession and unemployment at it the lowest rate since 2009. That's progress."