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Marine Log

March 5, 2007

Gulfport yards seek expansion funds

In a move that could create as many as 1,100 jobs, two shipbuilders are applying for $13 million in grant money from the Mississippi Development Authority, reports the Biloxi Sun Herald.

Trinity Yachts and Gulf Ship are seeking funds from the Community Development Block Grant to expand their properties along the seaway waterfront in Gulfport. The block grants given by the state to communities to help create jobs.

Trinity Yachts is applying for $3 million, which would go toward adding more space to secure and protect yachts during retrofitting. It could create 500 jobs.

Gulf Ship, a subsidiary of Louisiana-based Edison Chouest Offshore, is asking for $10 million. The newspaper quotes Roger White, senior vice president, as saying the money would be used to engineer and build a launching system on property. It could create 600 jobs.