$19.6 Million Available for US Small Shipyards

The U.S. Department of Transportation’s Maritime Administration (MARAD) announced the availability of $19.6 million in federal funding to U.S. small shipyards through the Small Shipyard Grant Program. These investments support efficiency improvements and modernizations that allow U.S. shipyards to compete more effectively in the global marketplace. 

The Small Shipyard Grant Program supports a variety of projects, including capital and related improvements, and equipment upgrades that foster ship construction, repair, and reconfiguration in small shipyards across the United States. 

The grants also can be used to support maritime training programs that improve technical skills to enhance shipyard worker efficiency and productivity.

The Small Shipyard Grants, which are limited to no more than 75 percent of the estimated improvement costs, are available to U.S. shipyards with fewer than 1,200 production employees.

Applications for the grants are due by 5 p.m. EST on Thursday, Feb. 25, 2021.

MARAD intends to award grants no later than Monday, Apr. 26, 2021. 

Additional information can be found in the Federal Register at: www.federalregister.gov/documents/2020/01/09/2020-00163/small-shipyard-grant-program-application-deadlines, or by contacting David M. Heller, director of the Office of Shipyards and Marine Engineering at MARAD: David.Heller@dot.gov

Source: U.S. Department of Transportation

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