Reporting Brad Segall
Filed underBusiness & Economy, Government, Heard On, Local, Montgomery County, News, Syndicated Local
By Brad Segall
SPRING HOUSE, Pa. (CBS) — Dow Chemical Co. is pulling up stakes in Lower Gwynedd (Montgomery County), leaving what some officials are calling a hole in that community.
But at least one state representative is looking for ways to fill that void.
It’s a good news, bad news situation. Bad news for Lower Gwynedd, which is losing the company and 800 jobs, but good news that Dow is moving to another location within Montgomery County.
The move will leave vacant the 130-acre campus on Norristown Road.
Pennsylvania state representative Todd Stephens (R-Montco) says now is the time to start marketing that location to other companies.
“For those large entities that may be overseas that are looking to come to Pennsylvania or even those large companies that may have a headquarters in another state that doesn’t have the business climate that Pennsylvania offers now, this could be an attractive location,” he says.
Stephens says he has already been in touch with state officials about securing some economic development money that could be used to improve the property.
The move is expected to take another 18 months.