Hendry Corp. gets $1 million Small Shipyard Grant

HENDRYPrivately held Hendry Corporation, Tampa, Fla., recently received a $1 million grant under the U.S. Maritime Administration Assistance to Small Shipyards Grant Program.

The grant, along with Hendry’s capital contribution of $1.6 Million, will be used to construct a 1,200-ton floating dry-dock.  The construction will create 25 new high-paying shipyard jobs.  Once completed, the new dry-dock will increase Hendry’s capacity and efficiency in servicing its customers, including the U.S. Coast Guard.

Hendry Corporation say the construction and eventual operation of the dry-dock will result in a significant economic impact for the Port of Tampa and the local economy.  After learning of the award, Hendry Corporation president Aaron Hendry, said “In these recessionary times, it is great to see the Federal Government assisting maritime businesses by funding capital improvements that will create jobs.”

Hendry Corporation appreciated the efforts of Florida’s Congressional and local politicans, including Rep. Kathy Castor, Sen. Bill Nelson, Rep.  Gus Bilirakis, and Tampa Mayor Bob Buckhorn in supporting the grant application.

 

August 22, 2011

Want more? Subscribe now!

News from NASDAQ