The Delaware Tourism Office is launching the Delaware Sports Tourism Capital Investment Fund to support the growth of First State sports facilities. Established through the FY24 Bond Bill, the fund will provide financial assistance to sports facilities that host events and tournaments throughout the year, attracting out-of-state visitors and generating economic impact at both state and local levels.
Delaware Tourism Office Director Jessica Welch said, “The goal of this fund was to create an opportunity for us to provide financial support to sports facilities in our state so that we can remain competitive in the world of sports tourism.” Welch explained that the fund will help support a variety of different facilities and events, including those held on weekends during the summer months when there is a high demand for tourism activities.
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, and numerous regional high school and youth sports events. The plan is to use this new funding to help support these types of events moving forward.
Welch noted that these types of events bring in significant revenue for the state and help establish a reputation for excellence at their respective facilities. Officials expect this fund to be instrumental in attracting more visitors to Delaware and promoting it as a top destination for sports tourism.
The Delaware Tourism Office will hold two informative webinars later this month for potential applicants to learn more about the fund and how to apply.