FY 2024 Notice of Funding Opportunity for Small Shipyard Grants

Background
The Small Shipyard Grant Program is established to provide assistance in the form of grants to small shipyards. The program aims to make capital improvements and provide maritime training programs to foster technical skills and operational productivity relating to shipbuilding, ship repair, and associated industries. It also seeks to advance the Departmental priorities of safety, equity, climate and sustainability, and workforce development, job quality, and wealth creation.

Grant Details
Under the FY 2024 Small Shipyard Grant Program, up to $8,750,000 is available for grants for capital improvements to qualified shipyard facilities. The purpose is to foster efficiency, competitive operations, and quality ship construction, repair, and reconfiguration; and provide training for workers in shipbuilding, ship repair, and associated industries. Award recipients will be expected to comply with the performance goals and reporting requirements as outlined in the executed grant agreement.

Eligibility Requirements
To be selected for a FY 2024 Small Shipyard Grant, an applicant must be an eligible applicant and the project must be an eligible project. Eligible applicants include small shipyards with no more than 1,200 production employees that construct, repair or reconfigure vessels 40 feet in length or greater for commercial or government use or construct, repair or reconfigure vessels 100 feet in length or greater for non-commercial vessels. The Federal funds for any eligible project cannot exceed 75 percent of the total cost of such project. Eligible projects include capital improvement projects that will be effective in fostering efficiency, competitive operations, and quality ship construction, repair, and reconfiguration; maritime training programs that will be effective in fostering employee skills and enhanced productivity related to shipbuilding, ship repair, and associated industries.

Period of Performance
The period of performance for each award will depend on the specific project and must be agreed upon by MARAD in the grant agreement.

Grant Value
$8,750,000 is currently available for grants under the FY 2024 Small Shipyard Grant Program. Historically, the average grant amount has been approximately $1 million.