As April 16th approached, the team at Moran Iron Works finalized their grant program application in hopes of becoming one of this years’ recipients. Last year, this program funded over $20 million to 29 U.S. small shipyards. This programs exists with goals of supporting capital improvements that foster increased efficiency and economic growth.
“These grants are an investment in our country’s small shipyards and will help create good jobs for America’s workers,” stated U.S. Transportation Secretary Elaine L. Chao.
With this grant, we plan to purchase a Python X CNC Plasma Cutting System. Acquiring this equipment will benefit our company in a multitude of ways, including replacing three outdated pieces of machinery: an existing hem saw, an underutilized coper notcher and an outdated automated beam line.
This equipment will increase efficiency, accuracy, quality and profitability, allowing us to take on an additional marine project each year and become more competitive in the shipbuilding industry. Increased competitiveness and efficiency equates to improved job opportunities within Michigan.
U.S. shipyards support more than 400,000 jobs and contribute more than $37 billion in gross domestic product (GDP) to the nation’s economy, according to the Transportation Department. Small shipyards vary in size, but must have under 1,200 production employees to be eligible for grant awards. The yards play a significant role in the U.S. maritime sector, contributing to the nation’s economy, supporting national security, maintaining critical infrastructure, and creating employment opportunities for working families and in small communities, the DOT said.
“We appreciate and thank Congressman Jack Bergman, Senator Gary Peters, and Senator Debbie Stabenow for the continued support throughout the application process,” says Marketing and Public Relations Coordinator, Cora McLennan.