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Philip Blumberg wants to invest in Dothan, much like his relatives Larry and Leslie Blumberg have for years, and the recent tax reform bill may help him accomplish the goal.

Philip Blumberg serves as the CEO of Blumberg Partners – a Miami-area firm that manages real estate investments and operates steel and grain facilities, among other investments. He said the recently passed tax reform bill that President Donald Trump signed into law last week is one of two major steps needed for Blumberg Grain to create a cold-chain food storage facility and a peanut processer in the Circle City.

Blumberg believes Trump’s administration and pro-business attitude will soon help Blumberg Grain complete the other necessary step – the finalization of two major contracts in Egypt and Algeria.

“If they hear from Trump, they will move forward,” Blumberg said. “We are hopeful he will take action after the first of the year.”

Blumberg Grain specializes in the concept of “food security,” Blumberg said. He said factors like rats, mold, and rot cause up to 50 percent of the world’s produce to be wasted.