MARAD Awards More Than $20 Mln to Small US Shipyards

July 24, 2018

More than $20 million in grant funding has been awarded to support capital improvement projects at 29 small shipyards in 22 states across the U.S.

The funding, awarded through the U.S. Department of Transportation’s Maritime Administration (MARAD) Small Shipyard Grant Program, supports capital improvements that foster increased efficiency and economic growth.

Maritime Administrator Mark H. Buzby (Photo: MARAD)
Maritime Administrator Mark H. Buzby (Photo: MARAD)

“These grants are an investment in our country’s small shipyards and will help create good jobs for America’s workers,” said U.S. Transportation Secretary Elaine L. Chao.

In order to be eligible for the grant awards, the small American shipyards must have less than 1,200 production employees. 

American shipyards of various sizes play a significant role within the country's maritime sector, contributing to the national economy, supporting national security, maintaining critical infrastructure and creating employment opportunities for working families and in small communities. In the U.S., shipyards support more than 400,000 jobs and contribute more than $37 billion in Gross Domestic Product (GDP).

“By supporting small shipyards, we are investing in the maritime infrastructure of the country,” said Maritime Administrator Mark H. Buzby.

Since 2008, MARAD’s Small Shipyard Grant Program has awarded over $183 million to help fund upgrades and expansions at more than 180 small shipyards.

A complete list of this year's grant recipients is below:

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