Supplemental Grants for Assistance to Small Shipyards
Funded Amount: $100,000,000
Agency: Maritime Administration
Description: The purpose of the grants is to make capital and infrastructure improvements at small shipyards that facilitate the efficiency, cost-effectiveness and quality of domestic ship construction, conversion, or repair for commercial and federal government use. The grants cover a maximum of 75-percent of the estimated cost of improvements. The shipyard ownership is responsible for the remainder. The Maritime Administration, or MARAD, intends to award the full amount of the available funding through grants to the extent that there are worthy applications. Not more than twenty-five percent of the funds available will be awarded to shipyard facilities that have more than 600 production employees. A shipyard is a commercial facility that builds and delivers or repairs completed vessels. Companies that repair or build components or ship systems are not eligible.
Benefits to Public: Expansion of small shipyard capabilities contributes to job-creation and marine transportation system capacity. For example, funding may be awarded to eligible applicants for training programs to advance shipbuilding technical skills or for capital investments to increase operating productivity.
Beneficiaries: Citizens
Who Select the Projects: USDOT
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