MARAD Awards $20 Million in Shipyard Grants
Maritime Activity Reports, Inc.
(Photo: Eastern Shipbuilding)
The U.S. Department of Transportation’s Maritime Administration (MARAD) on Monday awarded $19.6 million in grants aiming to help 31 shipyards modernize, increase productivity, and expand local employment opportunities while competing in the global marketplace.
The grants were awarded to shipbuilding and repair yards in 15 states throughout the U.S. as part of MARAD s Small Shipyard Grant Program. Since 2008, the program has awarded $262.5 million to nearly 300 shipyards in 32 states and territories.
“Small businesses are the backbone of the American economy, and small shipyards play a critical role in America’s maritime industry,” said U.S. Secretary of Transportation Pete Buttigieg. “These grants go directly to small shipyards across the country and will help protect and create local jobs, strengthen America’s maritime industry, and bolster our economic secur