The Delaware Sports Tourism Capital Investment Fund, established through the FY24 Bond Bill, is being launched by the Delaware Tourism Office. This fund aims to provide financial support to sports facilities in the state that hold events and tournaments throughout the year, attracting out-of-state visitors and boosting the local economy. Applications for funding will be accepted from March 1st to April 12th.
Delaware Tourism Office Director Jessica Welch spoke about the purpose of the fund, stating that it was created to support new or existing sports facilities that bring in visitors and create economic impact at the state and local level. She explained that this fund will help provide financial assistance to these facilities so that Delaware can remain competitive in sports tourism.
Recently, Delaware has hosted several high-profile sporting events such as the Atlantic 10 Women’s Basketball Tournament, the PGA’s 2022 BMW Championship, and the MEAC Volleyball Championship. Welch stated that this fund will help support a range of different facilities, including those hosting weekend events during the summer months which bring in a lot of money and create a reputation for these facilities. Officials expect that this fund will help attract more visitors to Delaware and continue to showcase reasons why people should visit the state.
The Delaware Tourism Office will be holding two informative webinars for potential applicants later this month to learn more about the fund and how to apply.