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. 

At the end of the first quarter of fiscal year 2021, $10,558,060 of economic development funds are available for eligible projects.   The FY 2022 allocation includes $1.3 million of project savings from prior years.  Currently, only 50% of the FY 2024 allocation is available.  During the first quarter of FY 2021, $5,999,593 of funds were committed to two projects; $5,507,390 for the East Locust Creek Reservoir project in Sullivan County and $492,203 for Route 63 intersection improvements in the city of West Plains.  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.