Grants to small shipyards

U.S. Transportation Secretary Ray LaHood today announced $9.98 million in grants to 13 small shipyards throughout the United States to help modernize facilities, increase productivity, and help make the country’s small shipyards more competitive in the global marketplace, as U.S. Maritime Administration (MARAD) announced.

The MARAD Small Shipyard Grants Program is siad to provide money to help this vital segment of America’s maritime industry invest in production equipment, provide technical skills training for employees, and maintain and create well-paying jobs by keeping these businesses competitive.The grants fund a variety of projects, including infrastructure improvements and modernizing equipment to increase the efficiency, competitive operations, and quality construction of vessels in U.S. shipyards.