The U.S. Department of Transportation’s Maritime Administration (MARAD) announced the availability of nearly $20 million in Federal Fiscal Year 2023 funding to help modernize small U.S. shipyards and train the workforce in this critical sector, says an article published on Maritime.dot.
Economic competitiveness
MARAD’s Small Shipyard Grant Program strengthens the economic competitiveness of shipyards by providing grants that can be used to purchase equipment or provide employee training.
In addition, these grants can support the purchase of American-made manufacturing equipment that support a wide range of jobs throughout our nation’s manufacturing base.
Local economies
“Small shipyards play vital roles in their local economies and our national economy,” said U.S. Transportation Secretary Pete Buttigieg.
“With these funds, we are helping small shipyards across the country train their workers, modernize their equipment, and improve their operations.”
Production employees
MARAD’s Small Shipyard Grant Program has awarded 323 grants totaling approximately $282 million since the program was first funded in 2008.
Small Shipyard Grants are available to U.S. shipyards with fewer than 1,200 production employees. In July 2022, DOT announced $19.6 million in grant awards to 24 small shipyards in 19 states through the Program.
Maintains expertise
“Small shipyards are essential to the U.S. maritime industry and critical to ensuring that we have a resilient industrial base,” said Maritime Administrator Ann Phillips.
“These shipyards are an economic pillar, strengthening our maritime industry and the communities along and near our nation’s ports and waterways, and employing thousands of Americans, who ensure the nation maintains expertise and skills critical to our economic and national security.”
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Source: Maritime.dot
