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 greatest economic impact for Missouri. Projects selected for the set aside funds may be funded up to 100% of the project cost. The total amount of funds set aside is $9 million. Tracking this data ensures that economic development funds are being utilized effectively.

At the end of the first quarter of fiscal year 2027, $30.3 million in economic development funds were available for eligible projects. For FY 2030 and FY 2031, only 50% of the funding allocations are available. A total of $5.9 million was committed and approved by the Cost-Share Committee for projects in FY 2026; however, that amount was not approved by the Missouri Highways and Transportation Commission until FY 2027. The overall goal is to commit all available funds to projects, so MoDOT continues to work with districts, local partners, and DED to promote the program and identify projects that demonstrate 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.