Advanced Shipbuilding Training Facility Grant
Performance grant tailored to advanced shipbuilding companies.Discretionary , VEDP
The goal of awarding the Advanced Shipbuilding Training Facility Performance Grant Program (ASTFPG) is to promote and expand advanced shipbuilding in the Commonwealth. This tailored performance-based grant is available to a qualified shipbuilder that meets or exceeds requirements specified in the governing statute.
The incentive is paid after an approved performance agreement between the Commonwealth and company has been signed, and performance milestones have been achieved. The performance period is unique to each project and specified in the performance agreement; milestones reflect latest information received from company in the specified fiscal year.