Local Tourism Asset Development Grant Program

Alert

The application cycle for this program has closed. Program awards have been made to applicant entities.

Description

The Local Tourism Asset Development Grant Program supports public/private partnerships intended to further the statewide recovery of the tourism, travel, and hospitality industries (Tourism Industry) from the negative economic impact of COVID-19.

This competitive grant program will support high priority local projects such as:

  1. Upgrades to indoor and outdoor tourism, travel, and hospitality facilities. This can include COVID-19 mitigation and prevention measures as well as upgrades that were delayed due to the pandemic.
  2. New indoor and outdoor tourism, travel, and hospitality facilities for which the planning, development, and/or construction were delayed due to the negative economic impact of COVID-19 (supporting tying the negative economic impact to the delay is required).
  3. Rehabilitation, renovation, maintenance or costs to secure vacant or abandoned property to reduce their negative impact and position the property for current Tourism Industry uses.

Total allocation: $30,000,000

Funding Structure

The Department intends to award all funds in one funding round, but may hold additional funding rounds prior to June 30, 2024, to ensure all available funds have been obligated prior to the ARPA funding deadline.

State awards $30 million in ARPA funding to support statewide recovery of tourism industry

The Department of Economic Development (DED) announced that it has awarded a total of $30 million through the Local Tourism Asset Development Grant Program for 26 projects across the state. The program, funded through the American Rescue Plan Act (ARPA), is focused on supporting projects that further the recovery of the tourism, travel, and hospitality industries.

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