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. Set-aside funds are 20% of available Cost Share funds. Tracking this data ensures economic development funds are being utilized.

At the end of first quarter of fiscal year 2025, $36 million of economic development funds are available for eligible projects. For FY 2028 and FY 2029, only 50% of funding allocations will be available. During the first quarter of FY 2025, no funds were committed to projects. The overall target is to commit all of the available funds to projects. MoDOT continues to work with our districts, local partners and DED to promote the program and to identify projects that demonstrate an economic impact for Missouri.

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.