Economic Development Funding - Arkansas Department of Transportation
Economic Development Funding - Arkansas Department of Transportation supports Arkansas local government and company projects, funding highway improvements that promote economic development and competitiveness.
Funder: Arkansas Department of Transportation (ARDOT)
Due Dates: No deadline stated
Funding Amounts: $1,927,600 remaining from the original $15 million allocation; $5 million annually starting in 2027
Summary: Supports Arkansas highway improvements that promote economic development and competitiveness.
Key Information: Release of funds requires letters from the Arkansas Economic Development Commission and the Governor, followed by State Highway Commission authorization.
Description
ARDOT’s Economic Development Funding supports highway construction and related road improvements tied to economic development projects in Arkansas. The Arkansas State Highway Commission established the funding mechanism in 2020 after state surplus funds exceeded projections under the Arkansas Highway Improvement Plan of 2016.
Projects funded to date include highway resurfacing, traffic signals at interstate ramps, road widening, and highway relocation. They have involved Arkansas local government partners and companies. ARDOT’s 2025–2028 Statewide Transportation Improvement Program provides for continued funding for economic development projects.
