The U.S. Department of Transportation’s (DOD) Maritime Administration (MARAD) announced the availability of nearly $20 million in Federal Fiscal Year 2023 funding to help modernize small U.S. shipyards and train the workforce in this sector.
MARAD’s Small Shipyard Grant Program provides grants that can be used to purchase equipment or provide employee training. In addition, these grants can support the purchase of American-made manufacturing equipment that support a wide range of jobs throughout the nation’s manufacturing base.
MARAD’s Small Shipyard Grant Program has awarded 323 grants totaling approximately $282 million since the program was first funded in 2008. Small Shipyard Grants are available to U.S. shipyards with fewer than 1,200 production employees. In July 2022, the DOD announced $19.6 million in grant awards to 24 small shipyards in 19 states through the program.
Applications for grants are due on February 27, 2023. For more information, click here.