US Treasury Secretary Jack Lew Visits Ellicott Dredges

Baltimore, MD – US Treasury Secretary Lew, together with US Senator Ben Cardin (D), MD, visited Ellicott Dredges March 9 at their Baltimore plant for a discussion about US export policies, Eximbank, (the US Government financing entity), and infrastructure investment programs.

Secretary Lew met with senior management from Ellicott including Heiko, Joe and Craig, as well with shop floor employees assembling Ellicott dredges.

The Secretary chose Ellicott for its century plus of leadership in dredge design and manufacturing and involvement in many great engineering projects around the world. These projects include the Panama Canal, the Suez Canal, mining sand, and many others.

Secretary Lew interviewed engineers working on new products, and got a demonstration of Ellicott’s state-of-the-art dredge training simulator.

Ellicott Highlights Need for Infrastructure Investment

Ellicott management discussed with the Secretary the importance of various infrastructure funding programs, such as use of the Harbor Maintenance Trust Fund to finance ports and harbors and dredging, as well as the need to re-authorize the US Eximbank. Secretary Lew noted that the Administration fully supports these programs, which are critical in maintaining America’s competitiveness in the international market place. The Administration’s plans for corporate tax reform would fund necessary infrastructure projects.

Secretary Lew in his remarks with Baltimore business leaders after the tour praised Ellicott for its use of apprenticeships and community college courses, as an example of the need for corporations to take an active role in educating and training the American workforce that companies will need to compete in the 21st century.

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