MIDLAND—In response to the widespread devastation caused by extensive rain and dam failure impacting its global headquarters community, Dow Inc. (NYSE: DOW) and the Dow Company Foundation announced today $1 million of financial support for immediate relief and long-term recovery efforts associated with the flooding and its aftermath.
“Michigan’s Great Lakes Bay Region has been Dow’s home for more than 120 years, and we are committed to helping our employees and our neighbors as we recover from this historic flood,” said Jim Fitterling, Dow chairman and CEO. “The safety of our employees, their families and our communities has always been and will always be our number one priority, and we are working closely with our Dow colleagues, local business and nonprofit partners, and government officials to recover, rebuild and move forward even stronger together.”
As a part of this commitment, Dow is collaborating with local partners providing critical services to individuals immediately affected by the flooding.
To help address the needs, Dow will donate:
- $250,000 towards a new Dow Employee Assistance Fund at the Midland Area Community Foundation to help Dow employees who have suffered an emergency hardship as a direct effect from the flooding.
- $250,000 to the United Way of Midland County’s Rise Together Fund, providing hope and resources for thousands of families in need throughout Midland County who have been impacted by recent events. These funds will be graciously matched by the Herbert H. and Grace A. Dow Foundation, doubling the support available to the community.
- $500,000 for allocation as needs surface throughout the recovery and rebuilding phase.
This donation is in addition to the previously announced commitment from the Dow Company Foundation to aid the Great Lakes Bay Region COVID-19 relief efforts.
Dow’s plastics, industrial intermediates, coatings and silicones businesses operate 109 manufacturing sites in 31 countries employ approximately 36,500 people, and posted $43 billion in sales in 2019. Dow delivered sales of approximately $43 billion in 2019. More at www.dow.com.