If we took the 90 million dollars wasted on the daishowa co-gen plant and the millions wasted on the shoring yard, then add a few million for harborworks, a clean 40 million for other wasteful projects in the last 5 years. I bet there has been about 200 million + wasted on these grant programs that are just plain bad ideas with good intentions.  And lets don't overlook the fact that most of these grants only benefit the grant writer and their friends. Ninety percent of the time, the taxpayer gets hosed.
I have an alternative that is fail proof. 200 million dollars divided into $50,000 increments will give you 4000 grants at $50,000 per person.  I think you should give out this wasteful money to individual citizens at $50,000 per pop. The local economy would soar.  The money would actually go to the people.
Bottom line is that most grants are fraud wrapped up in a nice little package prepared by a professional fraudster.