The Delaware Sports Tourism Capital Investment Fund is being launched by the Delaware Tourism Office to provide financial support to sports facilities in the state. This fund was established through the FY24 Bond Bill and will be open for applications from March 1 to April 12.
Delaware Tourism Office Director Jessica Welch said that the fund was created to support new or existing sports facilities that hold events and tournaments throughout the year, attracting out-of-state visitors and putting people into hotel rooms, 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 when it comes to sports tourism.
Delaware has recently hosted several major sports events, including the Atlantic 10 Women’s Basketball Tournament, the PGA’s 2022 BMW Championship, the MEAC Volleyball Championship, and numerous regional high school and youth sports events. The plan is to use the fund to support a range of different facilities.
Welch noted that weekend events in the summer bring a lot of money to the state because they are held consistently, creating a reputation at the facility they are held. Officials expect that the fund will help attract more visitors and continue to shine a light on 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.