Kevin Plank Joins Business Leaders in Meeting with President Trump

| January 23, 2017 | 0 Comments

On his first Monday in office, President Donald Trump held a meeting with American business leaders including Under Armour Founder and CEO and Plank Industries Owner Kevin Plank. Other attendees included Elon Musk from SpaceX, Marillyn A. Hewson from Lockheed Martin, and Mark Fields from Ford Motor Company.

President Trump said on Twitter that the meeting was set up to discuss manufacturing in America. Cutting regulations and reducing the corporate tax rate from 35% to 15-20% was also discussed during a portion of the meeting that was broadcast on Fox News.

A spokesman for Plank said that no statement about the meeting was being made at this time.

Manufacturing has been a focus of Plank and his businesses in recent years. The Plank Industries umbrella includes Sagamore Spirit rye whiskey, which is putting the finishing touches on a new Port Covington distillery; Sagamore Ventures, the venture capital arm, which opened Port Covington’s City Garage, a 133,000 sq. ft. facility described as “a hub for manufacturing, innovation and entrepreneurship;” Harbor Boating Inc., which runs the Baltimore Water Taxi and is now building new boats in Brooklyn in South Baltimore; and Sagamore Development, which has an approved 266-acre master plan for the redevelopment of Port Covington. 

Under Armour also recently opened UA Lighthouse at City Garage which is described as “the proving grounds for developing new, cutting-edge product and efficient manufacturing processes” and “the guiding light for developing best practices and efficient methods for how all Under Armour product is made.”

Sagamore Development will need federal funds over the course of the Port Covington project. It has proposed $224,223,500 for projects including new and improved on- and off-ramps from I-95 and I-395, a light rail connection to Westport, a pedestrian and bike path under I-95, a CSX tunnel crossing, and McComas St. utilities. The State of Maryland recently submitted an application for $76 million in Federal funding for the project.

When Sagamore Development President Marc Weller spoke at an event in November, he said:

“One thing I feel really good about is that President-Elect Trump wants to invest in our country and infrastructure which I think is so badly needed. You see the condition of the roads and airports in other countries and it makes you realize that we are really falling behind. I see it as a really good thing and I think he’ll prioritize Baltimore as we need a lot of infrastructure improvements.”

In October, representatives from President Barack Obama’s administration and the U.S. Small Business Administration came to Locust Point to present Kevin Plank with its inaugural Hall of Champions Award.

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About the Author:

Creator of SouthBmore.com and resident of SoBo. Graduate of Towson University and owner of Incept Multimedia, a full service video production company. Diehard Ravens and O's fan, beach volleyball enthusiast, dog lover and "bar food" foodie. Email me at Kevin@InceptMM.com and follow me on Twitter at @SoBoKevin.
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