Delaware’s Sports Tourism Capital Investment Fund: Supporting the State’s Competitive Edge in Sports Tourism
The Delaware Tourism Office has recently launched the Delaware Sports Tourism Capital Investment Fund to provide financial support to sports facilities throughout the state. Established through the FY24 Bond Bill, this fund aims to help new and existing sports facilities attract out-of-state visitors and create an economic impact at both the state and local level. The fund will be accepting applications from March 1 to April 12, and Director Jessica Welch explained that it was created to help Delaware remain competitive when it comes to sports tourism.
Delaware has recently hosted a number of major events, including the Atlantic 10 Women’s Basketball Tournament, the PGA’s 2022 BMW Championship, and the MEAC Volleyball Championship, as well as regional high school and youth sports events. The goal of this new fund is to support a range of different sports facilities, from smaller venues hosting high school lacrosse tournaments to larger facilities hosting bigger events. Weekend events in the summer bring in significant income for the state and create a reputation for the facility where they are held.
The Delaware Tourism Office is committed to providing information about this new fund to potential applicants. Later this month, they will be holding two informative webinars for applicants to learn more about how to apply for funding and what expectations are for successful applications. The ultimate goal is to attract more visitors to Delaware and continue highlighting reasons why it’s a great place to visit.