Hendry Corporation Announces Receipt of $1 Million Marad Grant

Thursday, August 18, 2011

Hendry Corporation is proud to announce that it received a $1 Million grant under the Maritime Administration Assistance to Small Shipyards Grant Program.  Hendry Corporation appreciates the efforts of Congresswoman Castor, Congressman Nelson, Congressman Bilirakis, and Mayor Bob Buckhorn.


The MARAD funds, along with Hendry’s capital contribution of $1.6 Million, will be used to construct a 1200-ton floating dry-dock.  The construction will create 25 new high-paying shipyard jobs.  Once completed, the new dry-dock will increase Hendry’s capacity and efficiency in servicing its customers, including the United States Coast Guard.
 

The construction and eventual operation of the dry-dock will result in a significant economic impact for the Port of Tampa and our local economy.  After learning of the award, Hendry Corporation President, Aaron Hendry, said “In these recessionary times, it is great to see the Federal Government assisting maritime businesses by funding capital improvements that will create jobs.”


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