The Delaware Tourism Office is launching the Delaware Sports Tourism Capital Investment Fund to provide financial support to First State sports facilities. This fund was established through the FY24 Bond Bill and will be accepting applications from March 1st to April 12th.
Delaware Tourism Office Director Jessica Welch stated, “The purpose of this fund is to support new or existing sports facilities that host events, tournaments and championships throughout the year, bringing in out-of-state visitors and putting people into our hotel rooms, creating an economic impact at the state and local level.” Welch further explained that this fund will help provide financial support to these facilities so that Delaware can remain competitive when it comes to 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, the MEAC Volleyball Championship and many regional high school and youth sports events. The plan is to provide funding for a range of different facilities.
Welch noted that events held on weekends during the summer bring in a lot of money because they are held consistently and create a reputation at the facility they are held. Officials expect this fund to help attract more visitors and continue to shine a light on reasons to visit Delaware.
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.