Delaware is set to launch a new fund aimed at supporting its sports facilities with the Delaware Sports Tourism Capital Investment Fund. This fund was established through the FY24 Bond Bill and will provide financial assistance to First State sports facilities. The tourism office will begin accepting applications for funding from March 1st until April 12th.
Director of the Delaware Tourism Office, Jessica Welch, stated that this fund was created to support existing and new sports facilities that hold events and tournaments throughout the year, bringing in out-of-state visitors and boosting the local economy. “It is essential that we remain competitive in the world of sports tourism, and this fund will help us do just that by providing financial support to these facilities,” said Welch.
Delaware has recently hosted several high-profile events such as the Atlantic 10 Women’s Basketball Tournament, the PGA’s 2022 BMW Championship, and the MEAC Volleyball Championship. The plan is to use this new fund to support a range of different sports facilities across the state.
Welch noted that weekends in the summer bring a significant amount of revenue to the state because they are held consistently and create a reputation at the facility they take place in. Officials hope that this new fund will help attract more visitors to Delaware while maintaining its reputation as an excellent destination for sports tourism.
The Delaware Tourism Office will be hosting two informative webinars for potential applicants later this month to learn more about how to apply for funding from this exciting new initiative.