Pros
Dow is very open to changing their culture, as is evident from their (necessary) business realignment, but also with lots of changes taking place internally. They are hiring a lot of recent college grads/younger people in Information Systems despite the tough economic environment. They also place a lot of responsibilities on newer hires, which is a good sign of trust. The CEO is very well liked, and people seem happy here overall. The city of Midland, MI is constantly working hard to revamp its image and build up its downtown, especially with the number of young people here, which is more than you'd expect.
Cons
Midland isn't exactly a recent college grads dream city to live in. It's very family oriented and at times you may feel out of place if you're single or without kids. Many employees here have been with Dow for 20-30+ years, so they're very knowledgeable, but at the same time they are set in their ways and have a hard time thinking outside of the box. Dow is a very large company, and as such they operate as you'd expect a huge enterprise too - lots of redtape to cut through, and some things can take months to get done (but they are trying very hard to get better). Sometimes the office can sound like a library. Thankfully though, the office isnt an endless row of cubicles (in some places)