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April 30, 2021 By Frank McCormack The U.S. Department of Transportation’s Maritime Administration (MarAd) has announced the latest round of grant awards through its Small Shipyard Grant Program. MarAd awarded $19.6 million in grants to 31 small shipyards across 15 states. “Small businesses are the backbone of the American economy, and small shipyards play a critical role in America’s maritime industry,” U.S. Secretary of Transportation Pete Buttigieg said in a statement dated April 26. “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 security.” ....
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 ....