Nationally, waterfronts and the waterways that connect them are an important component of the U.S. economy. In addition, working waterfronts provide critical access for water--dependent activities by creating dedicated space for those engaged in tasks like cleaning and storing gear, loading and unloading materials or the day’s catch, and conducting related land--based operations. In Maryland, working waterfronts can be essential connections to both traditional economies and industries, as well as cultural heritage and history. As a result, restoring and protecting waterfront economies has been a priority in Maryland for many years.
Managed and directed by the Environmental Finance Center (EFC), this report provides the Maryland Department of Natural Resources Chesapeake and Coastal Service (CCS) with a strategy for incentivizing local efforts to revitalize working waterfront communities and economies throughout the state. The objective with this project was two-fold: 1) identify opportunities for state leaders to employ innovative financing policies and tools in support of local working waterfront initiatives; and, 2) provide the Department of Natural Resources Chesapeake and Coastal Services Program with a recommended structure for establishing a working waterfronts program within the agency. These objectives are addressed at various points throughout the report.