U.S. DOT: Funding Available for Small Shipyards
Press Release
April 16, 2018
Maritime Administrator Mark H. Buzby
The U.S. Department of Transportation’s (USDOT) Maritime Administration (MARAD) announced the availability of $19.6 million in federal funding to support capital improvements and employee training at small U.S. shipyards.
The grants are provided through the Small Shipyard Grant Program, and help eligible shipyards modernize operations, increase efficiency and reap the benefits of increased productivity.
In 2013, U.S. shipbuilders directly employed 110,000 Americans and produced $37.3 billion in Gross Domestic Product (GDP).
Available to U.S. shipyards with less than 1,200 production employees, the grants support a variety of projects; including capital and related improvements, as well as equipment upgrades that foster ship construction, repair and reconfiguration. The grants can also be used to cultivate maritime training programs intended to enhance employee skills and productivity.
“These grants will help small shipyards continue to build top-of-the-line vessels in addition to creating jobs and supporting economic growth in their local communities,” said Maritime Administrator Mark H. Buzby.
The Small Shipyard Grant Program provides key materials and training to our communities, further highlighting the Administration’s efforts to invest in projects that will lead to long-term improvements, opportunities, and productivity.
