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Tech Park FAQ

This FAQs list was created to address issues related to Dow Chemical Company’s offer to donate property at the South Charleston Technology Park to the State of West Virginia. We encourage you to learn more about the project and see what you can do to ensure that its potential is realized before it is too late:
 

1. Exactly what is Dow proposing to donate?

Dow has proposed and is willing to donate 258 acres of its technology park including fully outfitted laboratory buildings, pilot plants and infrastructure to the State of West Virginia.  

2. Why does Dow want to donate this property?

As a publicly-traded global corporation, Dow has made strategic business decisions that have resulted in the downsizing of its research and development activities at the South Charleston site.  The company incurs significant expenses each year to maintain buildings and property it no longer needs.   

3. Is Dow leaving the technology park?

Dow would likely continue as a tenant in this park rather than a “landlord.”  This donation does not impact the manufacturing facilities of Dow that are located off of MacCorkle Avenue in South Charleston.  Those plants will continue in their operation.  

4. Are there environmental issues on the portions that Dow will donate?

Comprehensive environmental studies have been conducted by several neutral parties and the data collected show no reason that the donation cannot occur. 

5. Is Dow passing off its environmental liability to the state?

Under federal law, Dow is not permitted to “give away” any responsibility arising from potential environmental issues.   (more…)

admin in Economic Development on February 12 2010 » 1 comment