GOV PERRY SAYS DOW CHEMICAL TO EXPAND MANUFACTURING FACILITIES

(The following is a reformatted version of a press release
issued by the Office of the Governor of Texas and received via
electronic mail. The release was confirmed by the sender.) 
Aug. 27, 2013 
Gov. Perry Announces TEF Investment in Dow Creating Nearly 100
Jobs, Bringing Dow’s Investments in Brazoria County to $2.5
Billion 
AUSTIN - Gov. Rick Perry today announced The Dow Chemical
Company is expanding its manufacturing facilities by selecting
Brazoria County as the location for two Performance Plastics
plants, creating 96 jobs and a multimillion dollar capital
investment. Dow had previously announced that it was going to
build Performance Plastics plants at an undetermined location on
the U.S. Gulf Coast, and considered locations in Texas and
Louisiana before selecting Brazoria County. The state is
providing $1.5 million through the Texas Enterprise Fund to
close the deal on this project, which builds on a separate Dow
expansion announced in April 2012. Today’s announcement brings
the value of Dow’s investments in the area to $2.5 billion, and
a total of 250 new jobs. 
“Texas continues to attract companies looking for the best
opportunity to expand or relocate because of our low taxes,
smart regulations, fair courts and predictable workforce,” Gov.
Perry said. “Dow’s expansion in Freeport builds on the company’s
significant commitment to create jobs in the area, further
boosting the local and state economies.” 
Dow is a worldwide manufacturer and supplier of products that go
into businesses such as specialty chemicals, electronics,
agrosciences and plastics. This TEF investment will support the
company’s new manufacturing facilities aligned to Dow’s
Performance Plastics franchise, which will produce a range of
polyolefins and elastomer products using ethylene produced at
the company’s new ethylene unit in Texas. These units will
produce materials used in automotive, food packaging, film, and
coating and construction products. 
“We are very pleased to be further investing in Dow Texas
Operations and creating new jobs in the manufacturing sector as
part of our comprehensive plan to further connect our U.S.
operations with cost-advantaged feedstocks available from
increasing supplies of shale gas in North America,” said Earl
Shipp, Vice President of U.S. Gulf Coast Operations for The Dow
Chemical Company. “We take great pride in doing business in
Texas and we greatly appreciate the support we have received
from the State as well as local government.” 
“We are thrilled that Dow has been approved for another Texas
Enterprise Fund award!  The confidence that the Governor, Lt.
Governor and Speaker of the House have shown in Dow’s ability
and willingness to bring quality jobs to Brazoria County is very
gratifying,” Robert M. Worley, president/CEO of the Economic
Development Alliance for Brazoria County said. “We are also
extremely happy that Dow, led in Brazoria County by Earl Shipp,
is once again considering Brazoria County for one of its high
value, high quality expansions, thereby further solidifying
Dow’s decades-long leadership role in the industrial base of
Brazoria County.” 
“This TEF investment towards Dow’s expansion is yet another fine
example of Texas’ renowned success as a business friendly state
thanks to a reasonable regulatory climate and low taxes,” Rep.
Dennis Bonnen said.  “Dow has and continues to be a great
corporate neighbor for Texas and our community.  I am proud to
support this collaborative effort to bring more jobs and revenue
to southern Brazoria County.” 
The Legislature created the TEF in 2003 and re-appropriated
funding in 2005, 2007, 2009, 2011 and 2013 to help ensure the
growth of Texas businesses and create more jobs throughout the
state. TEF projects must be approved by the governor, lieutenant
governor and speaker of the House. The fund has since become one
of the state’s most competitive tools to recruit and bolster
business. To date, the TEF has invested more than $500 million
and closed the deal on projects generating 69,373 new jobs and
more than $21.7 billion in capital investment in the state. 
For more information about the TEF, please visit
http://www.texaswideopenforbusiness.com/incentives-financing/tef.php or http://www.governor.state.tx.us. 
Governor’s Press Office: 512-463-1826
ucy Nashed: lucy.nashed@gov.texas.gov
Josh Havens: josh.havens@gov.texas.gov 
(bjh) NY 
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