Colonna’s Shipyard, Inc. Receives U.S. Dept. of Transportation Maritime Administration (MARAD) Grant
NORFOLK, Va., April 23, 2020 /PRNewswire/ — Colonna’s Shipyard, Inc. is proud to be selected to receive a grant from the U.S. Department of Transportation’s Maritime Administration (MARAD) Small Shipyard Grant Program. One of just 24 shipyard selected nationally, Colonna’s has been awarded $799,996 to invest in upgrading welding equipment to improve overall shipyard productivity. “We are honored to have been selected to receive the Small Shipyard Grant and we will be investing immediately in new equipment to allow our employees to be more productive in their work supporting our government and maritime transportation customers. Despite current challenges all businesses are facing with the pandemic, I am very proud of our employees as Colonna’s remains operational in support of the Defense Industrial Base. We applaud MARAD for their ongoing support of the important work being done by America’s shipyards, especially now,” said Colonna’s President & CEO, Tom Godfrey.