July 19, 2022
Today, Senator Van Hollen and the U.S. Department of Commerce’s Economic Development Administration (EDA) are awarding a $2.4 million grant to the Chesapeake Conservancy, Annapolis, Maryland, to support infrastructure development that attract tourists to Cambridge, Maryland. This grant is funded by the American Rescue Plan.
This project will support the redevelopment of Cambridge’s waterfront through the construction of a new boardwalk and other improvements. This EDA grant will be matched by $600,000 in local funds and is expected to help create 73 jobs, maintain seven jobs, and leverage $20 million in private investment, according to recipient estimates.
“People come from all over our state and country to experience the Chesapeake Bay and all it has to offer. And by investing in our local infrastructure, we can help ensure the strength of our tourism and hospitality industries. outdoor recreation, said Senator Chris Van Hollen. “These federal dollars will do just that in Cambridge, while creating new, well-paying jobs and stimulating the local economy. I fought to pass the U.S. bailout to secure investments like these for our local communities, and I will continue to work to create more jobs and opportunities in our state.
“The Biden-Harris administration is dedicated to supporting the travel, tourism and outdoor recreation sector as it strives to recover and rebuild from the pandemic,” Commerce Secretary Gina M. Raimondo said. “This EDA investment will boost the critical tourism and hospitality industries on Maryland’s east coast while building the resilience of the region’s economy.”
“The travel, tourism and outdoor recreation sector is a critical economic driver for many communities and the Economic Development Administration is pleased to support community-led development strategies designed to boost tourism and build a America better”, said Assistant Secretary of Commerce for Economic Development Alejandra Y. Castillo. “This EDA investment will support the redevelopment of Cambridge’s waterfront, helping to make it a focal point for tourism in the region.”
“Tourism is critical to the local economies of so many Maryland communities along the Chesapeake Bay. This EDA grant will contribute to the recovery of Cambridge’s waterfront and further strengthen its capacity to welcome visitors,” said Senator Ben Cardin. “The COVID-19 pandemic has wreaked havoc on tourism, but federal investments in our state like this will help protect the special character of East Coast locations and ensure a sustainable future for their tourism industries.”
This project is being funded under the EDA’s $240 million competitive US bailout Travel, Tourism and Outdoor Recreation Program. The EDA has awarded $510 million in grants to all 50 states and territories in 2021. Both programs are designed to accelerate the recovery of communities that depend on the travel, tourism, and outdoor recreation sectors. Effective May 26, 2022, the EDA has officially closed all of its US bailout programs for applications. Funding for the $3 billion program will be provided on an ongoing basis through September 30, 2022.