2 R.I. shipyards win grants under maritime funding program revived by Reed

U.S. Sen. Jack Reed on Saturday announced that two Rhode Island shipyards will be awarded $1,114,370 in federal funding to make capital improvements intended to help create jobs, increase economic activity, and improve their building, service, and maintenance capabilities.  Blount Boats in Warren will receive $508,927 and J. Goodison Company in North Kingstown will receive $635,453 from the U.S. Department of Transportation’s Maritime Administration (MARAD) through the Small Shipyard Grant Program. The Small Shipyard Grants, which are limited to no more than 75 percent of the estimated improvement costs, are available to U.S. shipyards with fewer than 1,200 production employees. click here to read the story 14:32