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ARTICLE · 09 JANUARY 2012

Maritime Administration Announces 2012 Small Shipyard Grant Program

Blank Rome LLP
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On December 12, 2011, the Maritime Administration ("MARAD") issued a Notice of Small Shipyard Grant Program, which will provide for financial assistance to small shipyards (the "Grant Program").

United StatesTransport
Tara Leiter
Tara Leiter
Brian Bannon
Brian Bannon
Joan Bondareff
Joan Bondareff

New Development

On December 12, 2011, the Maritime Administration ("MARAD") issued a Notice of Small Shipyard Grant Program, which will provide for financial assistance to small shipyards (the "Grant Program").   For 2012, there is a total of $9,980,000 available for grants to be used for capital improvements and related infrastructure improvements for eligible shipyards.  All applications must be received by MARAD no later than 5 p.m. EST on January 17, 2012.  MARAD intends to award the grants by March 18, 2012.  The Notice can be accessed here. 

The 2012 Grant Program 

Use of Funds and Matching Requirements

As in previous years, the grants awarded under the Grant Program must be used to facilitate the efficiency, cost-effectiveness, and quality of domestic ship construction, repair, and reconfiguration of commercial and federal ships.  In addition to capital and related improvements, grant funds may also be used for maritime training programs to foster

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