The following is the text of a news release from the Shipbuilders Council of America (SCA):
(WASHINGTON) — On Thursday, Dec. 31, the Maritime Administration (MarAd) announced the 2016 funding availability for the Small Shipyard Grant Program. There is currently $4.9 million available for capital and related improvements to qualified shipyard facilities. Applications are due Feb. 16. Grants will be awarded by April 18.
To view the full announcement for grant description and eligibility information, click here.