LWT receives $558,843 grant
U.S. Transportation Secretary Ray LaHood today awarded a $558,843 grant to Liquid Waste Technology LLC in New Richmond for modernizations that will increase productivity and efficiency and help the small shipyard better compete in the global marketplace. The grant was part of $9.98 million in grants to 15 small shipyards throughout the United States.
Liquid Waste Technology will use the grant to purchase two forklifts, a 50-ton rubber tire gantry crane for transporting dredges and modules throughout the yard, and a training simulator room with two computers and software.
"In cities and towns across America, shipyards are creating jobs and keeping our nation's economy growing," said LaHood. "These small shipyard grants reflect the Obama administration's commitment to strengthening our transportation systems and creating an economy that's built to last."
The U.S Maritime Administration's (MARAD) Small Shipyard Grants Program provides equipment and technical skills training for America's maritime workforce, helping these businesses compete in the global marketplace while creating well-paying jobs at home.
"They will provide new tools and equipment to help maritime businesses sustain and create good American jobs through increased productivity and efficiency," said U.S. Maritime Administrator David Matsuda. "These federal investments will fund shipyard essentials."
MARAD received 141 grant applications requesting $123 million in assistance. The grants fund a variety of projects, including infrastructure improvements and modernizing equipment to increase the efficiency, competitive operations, and quality construction of vessels in U.S. shipyards.