MARAD Announces Nearly $20 Million in Funding Available for Small Shipyard Grants

The U.S. Department of Transportation’s 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 critical sector. MARAD’s Small Shipyard Grant Program strengthens the economic competitiveness of shipyards by providing grants that can be used to purchase equipment or provide employee training. In addition, these grants can support the purchase of American-made