The Biden Administration recently announced $20.8M for the Small Shipyard Grant Program. These grants are capped at 75 percent of the project's estimated cost and are available to facilities with fewer than 1,200 production employees.
All interested and qualified shipyards should act fast since applications must be submitted by 5 p.m. on February 27, to be considered.
The Maritime Administration's Small Shipyard Grant Program is designed to support small shipyard projects that make capital and related improvements; or provide training for workers in shipbuilding, ship repair, and associated industries. Supporting these types of projects drives efficiency, competitive operations, and quality ship construction, repair, and reconfiguration across the industry.
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