Grants Policies & Procedures

rachelina
Mon, 10/17/2022 - 02:39 am

Youth and Amateur Sports Grant and Michael Erin Busch Fund
In 2021 legislation was passed and created $1.0 million The Youth and Amateur Sports Grant and Michael Erin Busch Fund which through Maryland’s Sports Commission supports its private sector event partners, rights holders and sports governing bodies to conduct amateur sporting events such as games, exhibitions, tournaments, and other sports competition-related events in Maryland. In 2022, Maryland’s Sports Commission solicited grant applications, reviewed those received, then according to the approved qualifications awarded funding to a multitude of applicants across the state.
Youth & Amateur Sports Grant and Michael Erin Busch Fund

Major Sports and Entertainment Events Funding Program
On June 1, 2022, HB 897 Economic Development - Sports Entertainment Facilities and Events, Prince George's County Blue Line Corridor Facilities, and Racing Facilities  was enacted which created the Major Sports and Entertainment Events Funding Program. For the Program, the State will provide up to $10 million a year in financial assistance to eligible recipients for the costs of advertising, promotions, operations and capital projects associated with attracting, hosting and organizing major sporting and entertainment events throughout the state through Maryland’s Sports Commission, and its non-profit arm Sport and Entertainment Corporation of Maryland.
Major Sports and Entertainment Events Funding Program Policies

HB897 Sports and Entertainment Facilities
HB 897, while not actually a grant, functions like a grant through the MSA, as it authorizes MSA to issue up to $200 million to fund the development and /or renovations of sports entertainment facilities across the state including minor league ballparks where renovations will be necessary in order to maintain affiliations with major league teams and continue to play in our state. Proceeds allocated from the Maryland state lottery, up to $25 million annually, will be used to pay debt service on the bonds issued to finance the various projects. This new fund also may be utilized by other sports entertainment venues such as equestrian centers, multi-use sports complexes, venues for youth and amateur sports tournaments. Recreational facilities are eligible for funding if an economic and feasibility study demonstrates positive economic impact to the state of Maryland.
Sports Entertainment Facilities and Events Program Policies & Procedures

Next MSA Board of Directors Meeting

Tuesday, January 3, 12:00 p.m.
The Warehouse at Camden Yards
Executive Conference Room
333 W. Camden St., Suite 500
Baltimore, MD  21201
Agenda / Live Stream

Audit Committee
Tuesday, December 13, 9:00a.m.
Agenda

Warehouse Brochure
Warehouse at Camden Yards
Leasing Opportunities

 

Maryland State Governor

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