Federal Small Shipyard Grant Program Receives $35 Million Boost
The Small Shipyard Grant Coalition announced a significant increase in funding for the federal Small Shipyard Grant Program following the latest federal appropriations package. With $35 million allocated for fiscal year 2026, this boost aims to support small and mid-sized U.S. shipyards in enhancing their infrastructure and workforce.
Congressional Support and Program Details
The Small Shipyard Grant Program, administered by the U.S. Maritime Administration, has received consistent congressional support to bolster shipyard efficiency and competitiveness. The funding increase signifies a continued commitment to strengthening the maritime industry through capital improvements and workforce training.
Application Process and Industry Impact
Following statutory requirements, the U.S. Maritime Administration is set to publish its Notice of Funding Opportunity by mid-February, with applications due in April and awards expected in June. The program, known for supporting projects that enhance shipyard operations and workforce development, plays a crucial role in advancing projects that may otherwise face delays due to capital constraints.
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