US Treasury Secretary Visits Ellicott Dredges

U.S. Treasury Secretary Jack Lew, together with U.S. Sen. Ben Cardin (D- Md.), visited Ellicott Dredges March 9 at the company’s Baltimore plant for a discussion about U.S. export policies, the U.S. Government financing entity Eximbank and infrastructure investment programs.

Lew met with senior management from Ellicott including, 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 engineering projects around the world, including the Panama Canal, Suez Canal, mining sand and others, the company noted.

Secretary Lew interviewed engineers working on new products and received a demonstration of Ellicott's dredge training simulator.

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 U.S. Eximbank. 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.