MARAD Small Shipyard Grants

The Small Shipyard Grants Program, managed by the U.S. Maritime Administration, provides assistance to make capital and training investments in small shipyards. The goal of the program is to foster efficiency, competitive operations, and quality ship construction, repair, and reconfiguration. Past grants have averaged $660,000 with awards as high as $1.4 million. Equipment funded has included shelters, vessel transporters, dry docks, cutting systems, cranes and lifting equipment, and metalworking and welding equipment. The grant amount may not exceed 75% of the total project cost. 

Private companies are eligible to apply. Applicants should have no more than 1,200 production employees and the facility must construct, repair, or reconfigure vessels 40 feet in length or greater for commercial or government use, or construct, repair, or reconfigure vessels 100 feet in length or greater for noncommercial vessels.

$19.6 million dollars is available for this program in 2020. The competition opened on January 9th and applications are due on February 18th. 

 

This program is highly competitive! Based on past rounds expect more than 100 applicants seeking, in total, many times the available amount of funding. Interested shipyards should be prepared to devote time and effort to preparing the strongest packet possible. Applicants are required to prepare a quantitative analysis of project benefits and to provide financial and legal information about their business, including a pro forma financial projection showing the impact of the grant. 

Seneca has years of experience successfully preparing federal funding applications for transportation sector clients. Contact us today to learn how we can support your shipyard grant application effort.