Maritime Administration announces more than $20 million in grants for U.S. small shipyards
The U.S. Department of Transportation’s Maritime Administration (MARAD) awarded more than $20 million in grants July 24 to support capital improvements at 29 U.S. small shipyards as a part of its Small Shipyard Grant program. MARAD’s Small Shipyard Grant funding supports capital improvements that foster increased efficiency and economic growth.
“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.
America’s shipyards support more than 400,000 jobs and contribute more than $37 billion in Gross Domestic Product (GDP) to the nation’s economy. Small shipyards vary in size, but have under 1,200 production employees to be eligible for grant awards. They play a significant role in our country’s maritime sector, contributing to our nation’s economy, supporting national security, maintaining critical infrastructure and creating employment opportunities for working families and in small communities.
“By supporting small shipyards, we are investing in the maritime infrastructure of the country,” said Maritime Administrator Mark H. Buzby.
Grant recipients in the Great Lakes states are:
- Ironhead Marine Inc. in Toledo, Ohio was awarded $768,500 to support the purchase of a 150-ton off-road crane.
- Fincantieri Bay Shipbuilding in Sturgeon Bay, Wisconsin was awarded $1,401,061 to support the purchase and installation of four 50-ton overhead cranes.
- Fraser Shipyard, Inc. in Superior, Wisconsin was awarded $500,738 to support the purchase of two self-propelled modular transporters and a high-capacity forklift.
- North Shore Marine Terminal & Logistics, Inc. in Escanaba, Michigan was awarded $713,468 in support of the modernization, safety and uptime improvements of material cutting and handling equipment.
- National Maintenance and Repair, Inc. in Hartford, Illinois was awarded $217,538 to support the purchase of a plasma cutting system.
Since 2008, MARAD’s Small Shipyard Grant Program has awarded over $183 million to more than 180 small shipyards. By providing the capital that will let shipyards increase their repair and production footprints these grants are helping to create more jobs throughout the country.
For a complete list of recipients, click here.