US Secretary of Commerce calls Ellicott® dredges "the best in the world" during factory visit to promote US exports

US Secretary of Commerce Gary Locke visited the headquarters and Baltimore factory of Ellicott® Dredges last week to promote the US Government's new National Export Initiative, which has the goal of doubling US exports in the next five years. US Congressman John P. Sarbanes (MD-3) accompanied the Secretary, along with Suresh Kumar, the new Assistant Commerce Secretary and Director General of the US Foreign Commercial Service.

During the visit Locke met with Ellicott®'s workers and vendors and toured dredging equipment under construction for export. He labeled Ellicott® an "iconic" American exporter which had "survived and even thrived despite an unbelievably difficult environment" because it had "the market covered" in "making the best dredges in the world."

Secretary Locke cited Ellicott® as an excellent example of how US exports create well paying jobs.

"Ellicott® Dredges is a testament that...American companies make goods and services that are desired all over the world" said Secretary Locke.

US Eximbank Provides Valuable Export Financing Assistance to Ellicott® and Other US Exporters

Secretary Locke also described how Ellicott® has been successful offering financing for its foreign clients from the US Eximbank. He said other American manufacturers should follow Ellicott®'s lead in offering Eximbank financing to their foreign buyers. The Secretary pointed out that increased export financing is one of the major focus points of the National Export Initiative.

Full text of Cabinet Member and Commerce Secretary Gary Locke's formal remarks at Ellicott® Dredges:
http://www.commerce.gov/NewsRoom/SecretarySpeeches/PROD01_008950

Full text of US Commerce Department's story about the visit: http://www.commerce.gov/NewsRoom/PressReleases_FactSheets/PROD01_008947

Return To Home Page

Return To Dredge News