Mamaroneck's Derecktor Shipyard Wins Big Maritime Administration Grant

MAMARONECK, NY — The U.S. Department of Transportation's Maritime Administration (MARAD) announced last Thursday that $19.6 million in grant awards will be given to 24 small shipyards in 19 states through the Small Shipyard Grant Program. One of those shipyards is right here in the Hudson Valley.

Robert E. Derecktor, Inc., located at 311 E. Boston Post Rd. in Mamaroneck, will be receiving $294,483 to support the purchase of a new CNC Flatbed Lathe that will be able to shape metal into complex parts from any solid modeling program.

The Small Shipyard Grant Program's funds will help awardees modernize, increase productivity and expand local employment opportunities while competing in the global marketplace.

"Small businesses are the lifeblood of the American economy, and small shipyards play a critical role in America’s maritime industry, helping us get the goods we depend on every day," Transportation Secretary Pete Buttigieg said. "These grants will help modernize small shipyards in communities across the country, creating and protecting local jobs, strengthening America’s maritime industry, and securing our economic future."

MARAD’s Small Shipyard Grant Program has awarded $282.2 million to nearly 300 shipyards in 32 states and territories throughout the U.S., since 2008. The grants have strengthened communities along and near our nation’s ports and waterways. Many small shipyards are family-run businesses and they are all enterprises in which small investments can make big differences, said the Maritime Administration.

"These grants will allow small businesses to do what they do best, which is to build essential infrastructure while creating long-term and well-paying jobs for Americans," said Maritime Administrator Ann Phillips. "Better equipment means increased productivity and more ships and watercraft moving through our small shipyards. Growing this industry further supports and strengthens our domestic maritime industry."

Additional information about the program can be found here.