$9.8 million available for small U.S. shipyardsStaff Writer | May 28, 2017
The U.S. Department of Transportation’s Maritime Administration (MARAD) announced the availability of $9.8 million in Federal funding to support capital improvements and employee training at small U.S. shipyards.
America Maritime Administration
“Waterways and small shipyards are a critical component of our economic infrastructure and support thousands of jobs while helping us maintain our competitiveness as a nation,” said U.S. Transportation Secretary Elaine L. Chao.
“As trade and exports grow, our shipyards and other waterway systems must be able to keep pace.”
Even though most U.S. shipyards are located in coastal areas, the economic ripple effects of America’s shipyards reach all 50 states.
In 2013, U.S. shipbuilders directly employed 110 thousand Americans and produced $37.3 billion in gross domestic product.
Eligible projects under the program include capital and related improvement projects that foster efficiency, competitive operations, and quality ship construction, repair, and reconfiguration.
In addition, training projects that foster employee skills and enhance productivity will also be considered.
“When it comes to American infrastructure, our shipyards are leading the way and currently producing some of the most modern and advanced vessels in the world,” said Maritime Administration Executive Director Joel Szabat.
“They also provide quality jobs and support economic growth in local communities.” ■