The Delaware Tourism Office is launching the Delaware Sports Tourism Capital Investment Fund, which will provide financial support to sports facilities in the state. This fund was established through the FY24 Bond Bill and is aimed at supporting new or existing sports facilities that hold events and tournaments throughout the year, bringing in out-of-state visitors and creating an economic impact at the state and local level.
Delaware Tourism Office Director Jessica Welch said, “The fund was created to help us provide financial support to these facilities so that Delaware can remain competitive when it comes to sports tourism. It’s about creating a strong reputation for our state as a destination for sports enthusiasts.”
Welch further explained that events that take place on weekends 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 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 possible applicants later this month to learn more about the fund and how to apply. Applications will be accepted from March 1st until April 12th.
Recently, Delaware has hosted several high-profile sporting events such as the Atlantic 10 Women’s Basketball Tournament, PGA’s 2022 BMW Championship, MEAC Volleyball Championship, among others. The plan is to use this fund to support a range of different sports facilities in order to continue attracting visitors and boosting Delaware’s economy.