Exciting news for our vibrant maritime network—this week, the Maritime Administration (MARAD) announced the release of the Small Shipyard Grant Notice of Funding Opportunity. With $8.75 million in funding available, this is a fantastic chance for small shipyards to enhance their operations, boost efficiency, and invest in workforce training. Below are the key details to help you navigate this opportunity.

What You Need to Know About the Small Shipyard Grant

Applications Due: May 15, 2025

Eligible Applicants:

• – Small shipyards operating in a single location.
• – Must have fewer than 1,200 production employees.
• – The shipyard must focus on vessels 40 feet or larger for commercial or government use OR construct, repair, or reconfigure vessels 100 feet or greater for non-commercial purposes.

Eligible Projects:

1. Capital Improvement Projects
   • Projects aimed at increasing efficiency, improving competitive operations, and enhancing the quality of ship construction, repair, or reconfiguration.
2. Maritime Training Programs
   • Programs centered on developing employee skills and improving productivity in shipbuilding, ship repair, and related industries.
   • While grants are awarded only to eligible applicants, training programs can involve external vendors.
   • Note: Maritime training centers funded under section 51706 of Title 46 in FY 2024 are not eligible for additional grants for training.

This funding represents a significant opportunity to invest in the future of small shipyards, boost operational capabilities, and strengthen the maritime industry as a whole.