Write Up:

The Cost-Share Program is a collaborative effort between MoDOT, the Department of Economic Development (DED) and local entities to pool efforts and resources to deliver state highway and bridge projects. Funds are set aside for projects that demonstrate economic development. MoDOT works closely with these partners to identify when targeted investments can produce the most economic impact for Missouri. Projects selected for the set-aside funds may be funded up to 100% of the project cost. Starting in 2024, the set-aside funds increase from 10% to 20%. Tracking this data ensures economic development funds are being utilized.  

At the end of the third quarter of fiscal year 2024, $31,992,768 of economic development funds are available for eligible projects. For FY 2027 and FY 2028, only 50% of funding allocations will be available. During the third quarter of FY 2024, no funds were committed to any projects. MoDOT continues to work with DED to identify projects that demonstrate economic development.

Purpose of the Measure:

This measure tracks the percent of economic development funds committed to projects.

Measurement and Data Collection:

Data for this measure is collected from a partnership database.