Nearly $1 million was awarded to Yank Marine, Inc in Tuckahoe. U.S. Senators Robert Menendez and Frank Lautenberg announced that U.S. Department of Transportation US Maritime Administration made the award of $961,676.
The funding was awarded through the Small Shipyard Grant Program for the purchase of a 300-ton marine lift that will directly translate into new business and economic activity in the area. This is the first time any entity in New Jersey has been awarded this type of grant.