Maritime Administration Announces More Than $20 Million in Grants for U.S. Small Shipyards
Today, Frank Patti Jr., President of Patti Marine Enterprises announced that the shipyard has been awarded $449,231 to support Maritime jobs in Pensacola. The U.S. Department of Transportation’s Maritime Administration (MARAD) has more than $20 million in grants to support capital improvements at 29 U.S. small shipyards as a part of its Small Shipyard Grant program
MARAD’s Small Shipyard grant funding supports capital improvements that foster increased efficiency and economic growth. America’s shipyards support more than 400,000 jobs and contribute more than $37 billion in Gross Domestic Product (GDP) to the nation’s economy. They play a significant role in our country’s maritime sector, contributing to our nation’s economy, supporting national security, maintaining critical infrastructure, and creating employment opportunities for working families and in small communities.