The Delaware Tourism Office is launching a new fund called the Delaware Sports Tourism Capital Investment Fund to provide financial support to sports facilities in the state. The fund was established through the FY24 Bond Bill and will be open for applications from March 1st to April 12th.
Delaware Tourism Office Director Jessica Welch stated, “This fund was created to support existing or new sports facilities that host events, tournaments, and championships throughout the year, bringing in out-of-state visitors and creating an economic impact at the state and local level.” She further explained that this fund will help provide financial support to these facilities so that Delaware can remain competitive in sports tourism.
Recently, Delaware has hosted several major sporting events such as the Atlantic 10 Women’s Basketball Tournament, the PGA’s 2022 BMW Championship, the MEAC Volleyball Championship, and many regional high school and youth sports events. Welch stated that they plan to use this fund to support a range of different facilities.
Welch noted that weekend events during the summer bring in a lot of money for the state because they are held consistently and create a reputation at the facility where they take place. Officials expect this fund will help attract more visitors and continue to highlight reasons to visit Delaware.
The Delaware Tourism Office will hold two informative webinars for potential applicants later this month to learn more about the fund and how to apply.