Persevering with the Biden Administration’s efforts to help the U.S. maritime business whereas constructing infrastructure and jobs, the U.S. Division of Transportation’s Maritime Administration (MARAD) introduced the provision of almost $20 million in new federal funding for grants to smaller U.S. shipyards. The funding can be awarded for initiatives that assist modernize small, U.S. shipyards and for workforce coaching.
“Small shipyards strengthen our maritime business and communities alongside and close to our nation’s ports and waterways, using hundreds of Individuals who guarantee we keep experience and abilities important to our financial and nationwide safety,” mentioned Appearing Maritime Administrator Lucinda Lessley. “Along with being financial mainstays, U.S. shipyards exhibit a few of the most modern shipbuilding on the planet, and the Small Shipyard Grant Program encourages continued innovation.”
The aim of MARAD’s Small Shipyard Grant Program is to strengthen the financial competitiveness of shipyards by offering grants that can be utilized to buy tools or prepare workers. Since its inception in 2008, this system has awarded 299 grants totaling roughly $263 million.
MARAD’s Small Shipyard Grant can be found to U.S. shipyards with fewer than 1,200 manufacturing workers. The deadline for submission for this yr’s program is Might 16, 2022.
These grants will assist strengthen our shipyards and our nationwide provide chains—serving to to curb inflation and scale back delays for American shoppers,” mentioned U.S. Transportation Secretary Pete Buttigieg.
In April 2021, DOT introduced $19.6 million in grant awards to 31 small shipyards in 15 states by the Small Shipyard Grant Program. The biggest grants went to St. Johns Ship Constructing in Palatka, Florida for $1.3 million to help the development of a drydock, $1.4 million to Stevens Towing Co. of Yonges Island, South Carolina for the acquisition of a raise at its North Yard, and $1.1 million to Bollinger Marine Fabricators in Amelia, Louisiana to help the acquisition of recent equipment. The grants have been broadly dispersed to shipyards in Alabama, Alaska, California, Connecticut, Florida, Louisiana, Massachusetts, Mississippi, New Jersey, New York, Pennsylvania, South Carolina, Texas, Virginia, And Washington.