Write Up:

The Cost-Share Program builds partnerships with 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 in cooperation with the Department of Economic Development and local entities to determine when targeted investments can be made on projects that produce the most economic impact for Missouri. Projects selected for the set-aside funds may be funded up to 100% of the project cost. The set-aside funds increase from 10% to 20% starting in 2024. Tracking this data ensures economic development funds are being utilized.  

At the end of the first 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 are available. During the first quarter of FY 2024, $202,980 of funds were committed to the City of Bowling Green for the construction of turn lanes on Route 54 into the industrial park. 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.