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 explained that the fund was created to help new or existing sports facilities that host events, tournaments, and championships throughout the year, attracting out-of-state visitors and creating an economic impact at the state and local level.
Recently, Delaware has hosted several high-profile sports events, including 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. Welch noted that this fund will help support a range of different facilities.
Welch added that weekend events in the summer bring a lot of money to the state because they are held consistently and create a reputation at the facility they are held. Officials expect this fund to help Delaware attract more visitors and continue to showcase reasons to visit the state.
The Delaware Tourism Office will hold two informative webinars for potential applicants later this month to learn more about the fund and how to apply.