DOT Federal Funds Available for Small U.S. Shipyards
The U.S. Maritime Administration announced that $9.98 million in federal funding is now available to help enhance the efficiency and competitiveness of qualified small U.S. shipyard. The grants are available for capital and related improvements projects that foster efficiency, and competitive operations; quality ship construction, repair and reconfiguration; and employee training projects. Grants are limited to no more than 75 percent of the estimated improvement costs. Application packages must be received by 5 p.m. on January 17, 2012.
Source: MARAD
