Federal grant · project grant (b)

Chesapeake Conservancy, Inc.

This Eda Investment Supports the Construction of a New Waterfront Promenade and Associated Improvements, Which Will Serve as the Communal Focal Point of the Cambridge Waterfront Redevelopment. the Revitalization of This Property Will Serve as the Future "gateway" to Cambridge, Maryland, as It Is Prominently Located Adjacent to the Highly Traffic Ocean Gateway (route 50), Which Serves as the Primary Artery From the Mid-atlantic Region to the Maryland Beaches. Once Completed, the Project Will Help the Region Become More Resilient to Fluctuations in Tourism and Assist in the Region's Recovery, Which Will Help Increase Employment Opportunities, Save Jobs, Spur Private Investment, and Advance Economic Resiliency in the Area.

Committed

$2.4 Million

Paid out
$2.2M
90%
Committed, not yet paid
$240.0K
10%

How to read these numbers

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Committed vs. ceiling: Committed is what the government has legally promised on this award so far. Contracts can also carry a ceiling — the maximum if every option is exercised. Unspent ceiling is headroom, not money owed.
Paid out: The cash actually disbursed against this award. The gap from committed is the disbursement pipeline: promised, not yet cashed.
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Source

This award on USAspending.gov ↗