Write Up:

The Cost Share Program builds partnerships with local entities to pool efforts and resources to deliver state highway and bridge projects.  Ten percent of the funds are set aside for projects that demonstrate economic development through job creation.  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 10% set aside may be funded up to 100% of the project cost.  Tracking this data ensures economic development funds are being utilized. 

For fiscal years 2020-2024, $14,557,653 is available for eligible projects.   Fiscal year 2022 includes savings from prior years ($1.3 million).  For FY 2023 and FY 2024 only 50% of funding allocation is available.  For the fourth quarter of state FY 2020, no economic developments funds have been committed to projects.  MoDOT will continue 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.