The Maritime Administration’s Small Shipyard Grant Program was first authorized in the fiscal 2006 National Defense Authorization Act (NDAA) and codified in the fiscal NDAA budget. (Marad’s definition of a small shipyard is fewer than 1,200 employees.) The program has been a great help to many of the shipyards that build workboats.
To be eligible, shipyards must build new or repair commercial or government vessels at least 40′ in length. Quite a few of the grants involve the purchase of...
https://www.workboat.com/news/shipbuilding/group-fights-to-keep-small-shipyard-grant-program-funded/