This week, the US Department of Transportation Maritime Administration awarded $47.4 million to the new factory, called Sparrows Point Steel.
Six Maryland lawmakers (all Democrats) issued a joint statement about the award:
Through both the Infrastructure Investment and Jobs Act and the Inflation Reduction Act, we’re bringing manufacturing jobs back to the US and back to Maryland, and this investment will help make Baltimore a competitive manufacturing hub for offshore wind and a premier destination for clean energy growth.
Sparrows Point Steel is on the site, near the Port of Baltimore, of what used to be Bethlehem Steel, which was founded in 1887 and became the world’s largest steel producer in the 1950s, with 30,000 workers. However, the collapse of the US steel industry forced the mill into bankruptcy, and it closed permanently in 2012 and was abandoned.