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ARTICLE · 22 APRIL 2013

Maritime Administration Announces 2013 Small Shipyard Grant Program

Blank Rome LLP
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The Maritime Administration has recently issued a Notice of Small Shipyard Grant Program, which will provide for financial assistance to small shipyards.

United StatesTransport
Joan Bondareff
Joan Bondareff
Brian Bannon
Brian Bannon

Maritime

New Development

On April 10, 2013, 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 2013, there is a total of $9,457,986 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 May 28, 2013. MARAD intends to award the grants by July 24, 2013. It is anticipated that up to 10 applicants will be selected for funding with an average grant amount of about $1 million. The Notice can be accessed here.

The 2013 Grant Program

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