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Source: NJ
by Carly Baldwin/The Jersey Journal
They can thank Barack Obama (and Frank Lautenberg).
Hoboken shipyard Union Dry Dock & Repair Company will receive over half a million dollars in federal funding as part of the American Recovery and Reinvestment Act (ARRA).
Union Dry Dock Company will get $577,902, to be used for welding, lifting and blast and coating equipment. The shipyard, located off Sinatra Drive on the Hudson River, is a small shipyard which repairs commercial and private boats, as well as barges, military vessels and rescue boats. Maybe they can also use some of that money on fire prevention. Just sayin'.
"Modernizing our shipyards will create and save jobs and improve harbor operations," said New Jersey Sen. Frank Lautenberg, who helped secure the funds. "It will help make our nation's waterways more viable and affordable for commercial transportation."
The government, through the Maritime Administration's Assistance to Small Shipyards program, hopes the money will help improve the local and regional shipping industry. Union Dry Dock is one of 70 shipyards in the nation to receive ARRA funding.
ARRA is part of the $787 billion economic stimulus package passed by Congress in February of this year, in response to the nation's economic downturn.
by Carly Baldwin/The Jersey Journal
They can thank Barack Obama (and Frank Lautenberg).
Hoboken shipyard Union Dry Dock & Repair Company will receive over half a million dollars in federal funding as part of the American Recovery and Reinvestment Act (ARRA).
Union Dry Dock Company will get $577,902, to be used for welding, lifting and blast and coating equipment. The shipyard, located off Sinatra Drive on the Hudson River, is a small shipyard which repairs commercial and private boats, as well as barges, military vessels and rescue boats. Maybe they can also use some of that money on fire prevention. Just sayin'.
"Modernizing our shipyards will create and save jobs and improve harbor operations," said New Jersey Sen. Frank Lautenberg, who helped secure the funds. "It will help make our nation's waterways more viable and affordable for commercial transportation."
The government, through the Maritime Administration's Assistance to Small Shipyards program, hopes the money will help improve the local and regional shipping industry. Union Dry Dock is one of 70 shipyards in the nation to receive ARRA funding.
ARRA is part of the $787 billion economic stimulus package passed by Congress in February of this year, in response to the nation's economic downturn.
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