Small shipyard grant program creates jobs and increases economic competitiveness
The U.S. Department of Transportation’s Maritime Administration (MARAD) announced $9.46 million to help improve 12 shipyards in 10 states. The grants, provided through the Small Shipyard Grant Program, foster efficiency and modernizations that allow shipyards to compete more effectively in the global marketplace.
“Improvements at our shipyards mean more ships can be built right here in the United States, which means more jobs for hard-working Americans,” said U.S. Transportation Secretary Anthony Foxx. “These grants are about creating new opportunities in our local communities, as well as competing in the global economy.”
Shipyards across the nation continue to create new jobs and strengthen local economies. Since 2009, the Obama administration has provided more than $150 million to help U.S. shipyards and their workers reap the benefits of increased production capabilities delivered by emerging technologies and highly skilled workers.
