; (D) whether the applicant has a business plan for the area in which the project will be located; (E) the likelihood that the working waterfront area will remain compatible with commercial fishing, mariculture, for-hire recreational fishing, or boatbuilding, and the applicant’s ability to demonstrate a need for, or support for, the project within the community; and (F) whether the applicant intends to permanently protect the relevant property. (c) Cost sharing The amount of a grant awarded under this section to carry out an eligible project may not exceed 50 percent of the total cost of the eligible project. (d) Use of grant funds for eligible projects (1) Improved or protected property (A) In general Grants awarded under this section may be used to improve or protect privately owned real property or interests in privately owned real property, including easements, only from willing owners. (B) No exercise of eminent domain No Federal, State, or local agency may exercise the power of eminent domain to secure title to any real property or facilities in connection with a project carried out under this Act. (e) Annual report The Secretary shall submit to Congress an annual report that describes the eligible projects funded with grants awarded under this section. (f) Authorization of appropriations There are authorized to be appropriated to carry out this Act $20,000,000 for each of the fiscal years 2025 through 2029. IV Workforce Development 401. Maritime workforce grant program (a) Amendment Chapter 517 of title 46, United States Code, is amended by adding at the end the following: 51708. Maritime workforce grant program (a) Definitions In this section: (1) Eligible applicant The term eligible applicant means an entity that— (A) operates a program or performs activities leading to the recruitment, education, or training of future or current members of the maritime workforce