Posted on April 25, 2016
The U.S. Department of Transportation’s Maritime Administration (MARAD) has awarded $4.9 million in grants to support capital improvements at nine small shipyards located throughout the United States.
Provided through the Small Shipyard Grant Program, the funding supports industrial modernizations that increase productivity, allowing the nation’s small shipyards to compete more effectively in the global marketplace.
Small shipyards play a significant role in U.S. shipbuilding and repair activity. The facilities vary in size, from family-owned businesses employing a few dozen workers, to multifaceted establishments with hundreds of employees. The grants, which were primarily available to U.S. shipyards with less than 600 production employees, will fund a variety of projects including infrastructure improvements and equipment upgrades to increase operational competitiveness and quality vessel construction.
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