(WASHINGTON) — The U.S. Maritime Administration (MarAd) announced on Tuesday that it will invest $35 million into revitalizing America’s small shipyards. The investment will go toward upgrading ship repair and construction facilities; purchasing new equipment, including cranes, plasma cutters and welding systems; and bolstering maritime training programs to supercharge the maritime workforce.
“This 200 percent increase in shipyard investments underscores President Trump’s commitment to restoring America’s maritime dominance strategy. Revitalizing this once great industry enhances our national security, reshores good-paying jobs, and ensures goods get to where they need to go affordably,” said U.S. Transportation Secretary Sean Duffy.
Since 2008, MarAd’s Small Shipyard Grant Program has awarded 382 grants for $320.5 million. These funds equip American shipyards with the tools they need to build American ships.
Eligible shipyards must be in a single geographic location and may not have more than 1,200 production employees. Eligible shipyards must construct, repair or reconfigure vessels 40 feet in length or greater for commercial or government use, or construct, repair or reconfigure vessels 100 feet in length or greater for non-commercial vessels.
The notice of funding opportunity outlines the application criteria. Applicants are encouraged to submit eligible projects as soon as possible but must do so by May 11.
– U.S. Department of Transportation
