
According to a notification released in the Federal Register by the UNITED STATE Maritime Administration, $19.6 million is presently offered under the Small Shipyard Grant program.
The gives are offered “for capital and related improvements to qualified shipyard facilities that will be effective in fostering efficiency, competitive operations, and quality ship construction, repair, and reconfiguration.”
The notification states that it is anticipated, based upon experience, that the accumulation quantity of asked for financing amongst all candidates will certainly much surpass the funds offered which just a tiny percent of applications will certainly be moneyed. It is prepared for that approximately 10– 20 applications will certainly be chosen for financing with an ordinary give quantity of regarding $1 million.
Applications need to be gotten by April 16.
The notification define the hoops that shipbuilders will certainly need to leap with to submit an application.
Read it HERE