Delaware Tourism Office Announces Latest Round of Sports Tourism Capital Investment Fund Awardees
Delaware Tourism Office | Delaware Tourism Office | Date Posted: Friday, December 20, 2024
Delaware Tourism Office | Delaware Tourism Office | Date Posted: Friday, December 20, 2024
DOVER, Del. – Today, the Delaware Tourism Office announced Sports Tourism Capital Investment Fund awards to five Delaware sports facilities. Established through the Fiscal Year 2024 Bond and Capital Improvements Act, the fund provides financial support to new or existing sports facilities that hold events throughout the year to attract out-of-state visitors and contribute to the state and local economy.
The Delaware Tourism Office accepted applications for the fund from Aug. 1 through Sept. 13, 2024. The office received 17 applications requesting more than $47 million. Available funds totaled $10 million.
Applications were reviewed by a panel, including the co-chairs of the Joint Capital Improvement Committee, Sen. Jack Walsh and Rep. Debra Heffernan, and representatives of the Delaware Tourism Office, the Greater Wilmington Convention and Visitors Bureau, Kent County Tourism, and Southern Delaware Tourism. The panel met on Oct. 24 to begin reviewing the applications and finalized their funding decisions at a meeting on Dec. 12 in Dover.
“Once again, this was a very competitive application process. The panel worked diligently to consider the merits of each facility that applied,” said Sen. Walsh. “The facilities receiving funding play an integral role in encouraging out-of-state visitation and positively impacting our economy. We will continue to encourage visitation through the fund, ensuring that sporting event operators think of Delaware when looking for states to host their tournaments and other competitions in.”
“The fund supports our facilities, encouraging them to expand and attract top sporting events throughout the year as the sports tourism industry grows in our state,” said Rep. Heffernan. “By providing financial support to these facilities, we can make certain that large sports events will continue to attract visitors who will spend money at local businesses, boost our economy and promote Delaware as an ideal destination.”
The facilities receiving funding through the Sports Tourism Capital Investment Fund are:
On Nov. 15, the Delaware Tourism Office released a sports tourism economic impact study completed by Tourism Economics. The study showed that the sports tourism sector’s direct spending impact in Delaware was $257.9 million in 2023. Those sales supported more than 3,000 part-time and full-time jobs and generated $20.2 million in state and local taxes.
“The recent economic impact study confirmed that sports tourism is a significant economic driver in our state, attracting millions of visitors to Delaware each year and generating millions of dollars in revenue,” said Jessica Welch, director of the Delaware Tourism Office. “We are pleased to be able to support nine different facilities, through the first and second rounds of the capital investment fund, in their expansion efforts and ensure that Delaware offers top-notch sports facilities to event operators and visitors.”
The Delaware Tourism Office, a division of the Delaware Division of Small Business, promotes tourism and economic growth in Delaware. For more information, visit the official Delaware Tourism website at www.visitdelaware.com or call toll-free at 866-284-7483.
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Media Contact:
Allyson Ennis
Allyson.Ennis@Delaware.gov
Related Topics: Delaware Tourism Office, Sports Tourism, Sports Tourism Capital Investment Fund, tourism
Keep up to date by receiving a daily digest email, around noon, of current news release posts from state agencies on news.delaware.gov.
Here you can subscribe to future news updates.
Delaware Tourism Office | Delaware Tourism Office | Date Posted: Friday, December 20, 2024
DOVER, Del. – Today, the Delaware Tourism Office announced Sports Tourism Capital Investment Fund awards to five Delaware sports facilities. Established through the Fiscal Year 2024 Bond and Capital Improvements Act, the fund provides financial support to new or existing sports facilities that hold events throughout the year to attract out-of-state visitors and contribute to the state and local economy.
The Delaware Tourism Office accepted applications for the fund from Aug. 1 through Sept. 13, 2024. The office received 17 applications requesting more than $47 million. Available funds totaled $10 million.
Applications were reviewed by a panel, including the co-chairs of the Joint Capital Improvement Committee, Sen. Jack Walsh and Rep. Debra Heffernan, and representatives of the Delaware Tourism Office, the Greater Wilmington Convention and Visitors Bureau, Kent County Tourism, and Southern Delaware Tourism. The panel met on Oct. 24 to begin reviewing the applications and finalized their funding decisions at a meeting on Dec. 12 in Dover.
“Once again, this was a very competitive application process. The panel worked diligently to consider the merits of each facility that applied,” said Sen. Walsh. “The facilities receiving funding play an integral role in encouraging out-of-state visitation and positively impacting our economy. We will continue to encourage visitation through the fund, ensuring that sporting event operators think of Delaware when looking for states to host their tournaments and other competitions in.”
“The fund supports our facilities, encouraging them to expand and attract top sporting events throughout the year as the sports tourism industry grows in our state,” said Rep. Heffernan. “By providing financial support to these facilities, we can make certain that large sports events will continue to attract visitors who will spend money at local businesses, boost our economy and promote Delaware as an ideal destination.”
The facilities receiving funding through the Sports Tourism Capital Investment Fund are:
On Nov. 15, the Delaware Tourism Office released a sports tourism economic impact study completed by Tourism Economics. The study showed that the sports tourism sector’s direct spending impact in Delaware was $257.9 million in 2023. Those sales supported more than 3,000 part-time and full-time jobs and generated $20.2 million in state and local taxes.
“The recent economic impact study confirmed that sports tourism is a significant economic driver in our state, attracting millions of visitors to Delaware each year and generating millions of dollars in revenue,” said Jessica Welch, director of the Delaware Tourism Office. “We are pleased to be able to support nine different facilities, through the first and second rounds of the capital investment fund, in their expansion efforts and ensure that Delaware offers top-notch sports facilities to event operators and visitors.”
The Delaware Tourism Office, a division of the Delaware Division of Small Business, promotes tourism and economic growth in Delaware. For more information, visit the official Delaware Tourism website at www.visitdelaware.com or call toll-free at 866-284-7483.
###
Media Contact:
Allyson Ennis
Allyson.Ennis@Delaware.gov
Related Topics: Delaware Tourism Office, Sports Tourism, Sports Tourism Capital Investment Fund, tourism
Keep up to date by receiving a daily digest email, around noon, of current news release posts from state agencies on news.delaware.gov.
Here you can subscribe to future news updates.