Brian Lewis, the TTOC President, was quick to point out that while the money was a great boost, was only a third of what was required, putting added pressure on his organisation to be even more prudent with how it is spent.
But he did say that it also eases the burden on his organisation and avoids having to pick and choose which athletes or disciplines attend which games even after doing the hard work and qualifying.
The investment goes directly towards this country's participation at the Commonwealth Games in Australia in April, the CAC Games in Colombia in August, and the Youth Olympic Games in Argentina in October.
As a nation, T&T has enjoyed good success at the Commonwealth Games counting 52 medals in 17 appearances since 1934.
Similarly, TT has garnered 220 medals in 16 CAC games appearances since 1946, and another three medals at two Youth Olympics.
In making the presentation Minister Smith said they didn't want the hard work of athletes to be in vain. But he also said that corporate T&T has to step up and assist the athletes and associations.