On Tuesday, the US Department of Transportation’s Maritime Administration awarded more than $20 million in grants to support capital improvements at 29 U.S. small shipyards as a part of its Small Shipyard Grant program.
MARAD’s Small Shipyard grant funding supports capital improvements that foster increased efficiency and economic growth.
“These grants are an investment in our country’s small shipyards and will help create good jobs for America’s workers,” said US Transportation Secretary Elaine L. Chao.
America’s shipyards support more than 400,000 jobs and contribute more than $37 billion in Gross Domestic Product (GDP) to the nation’s economy.
Small shipyards vary in size, but have under 1,200 production employees to be eligible for grant awards. They play a significant role in our country’s maritime sector, contributing to our nation’s economy, supporting national security, maintaining critical infrastructure, and creating employment opportunities for working families and in small communities.
“By supporting small shipyards, we are investing in the maritime infrastructure of the country,” said Maritime Administrator Mark H. Buzby.
Since 2008, MARAD’s Small Shipyard Grant Program has awarded over $183 million to more than 180 small shipyards. These grants help fund the upgrades and expansions to empower this critical industry, allowing them to compete more effectively in a rapidly changing global marketplace. By providing the capital that will let shipyards increase their repair and production footprints these grants are helping to create more jobs throughout the country.
A list of top 10 grant recipients is below:
Fincantieri Marine Group LLC dba Fincantieri Bay Shipbuilding in Sturgeon Bay, WI was awarded $1,401,061 in support of the purchase and installation of four 50-ton overhead cranes.
Master Boat Builders, Inc. in Bayou La Batre, AL was awarded $1,332,607 to support the purchase of a 182-ton capacity crawler, 55-ton mobile crane and a 30-ton rough terrain crane.
Ice Floe, LLC dba Nichols Brother Boat Builders in Freeland, WA was awarded $1,312,500 to support the purchase of a 250-ton lattice boom crawler crane.
Gulf Copper Dry Dock & Rig Repair in Galveston, TX was awarded $1,296,820 to support the construction of a 4,500-ton dry dock.
James Marine, Inc. dba Walker Boat Yard of Paducah, KY was awarded $1,125,000 to support the purchase of an 80-ton rough terrain crane.
Bayonne Drydock and Repair Corp. in Bayonne, NJ was awarded $1,081,950 in support of the purchase of a CNC plasma table, brake press, plate roll, welding machines, iron worker, graving dock upgrades and hydroblast equipment.
Glendale Boat Works, Inc. in Channelview, TX was awarded $1,064,654 to support the purchase of a 400-ton marine travelift.
Jarrett Bay Boatworks, Inc. in Beaufort, NC was awarded $1,000,000 to support the purchase of a 300-ton marine travelift.
Ironhead Marine Inc. in Toledo, OH was awarded $768,500 to support the purchase of a 150-ton off-road crane.
Pacific Shipyards International in Honolulu, HI was awarded $731,159 in support of the purchase of a spray paint sandblast booth, hydraulic press with tooling, universal valve tester package with console and tooling, and four base plate mounted jibs.
Content Director, Informa Inc.
Gargi Chakrabarty is the Content Director at Icons of Infrastructure.