Page 10: of Marine News Magazine (October 2020)

9 11

BY THE NUMBERS 2020 Small Shipyard Grants

In April, two dozen American small shipyards received U.S. Secretary of Transportation Elaine L. Chao said in a a combined $19.6 million through the U.S. Department press release announcing the awards.

of Transportation’s Maritime Administration (MARAD) Since its inception in 2008, the Small Shipyard Grant

Small Shipyard Grant Program, which exists to help fund Program has awarded more than $243 million through upgrades and expansions that often lead to more compet- 268 grants (including ARRA (Recovery Act) funds in itive operations, quality ship construction and improved 2009 for $98 million and 70 grants) that have helped to employee skill. “This $19.6 million federal government modernize operations, improve ef